Thursday Is Your Last Chance To Buy Allison Transmission Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Allison Transmission (NYSE:ALSN) has announced a quarterly dividend of 23 cents per share. The stock will go ex-dividend on Friday, meaning it will trade lower to reflect the payout. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend. The dividend will be paid out on August 31, 2023.
August 08, 2023 | 2:45 pm
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NEGATIVE IMPACT
Allison Transmission's announcement of a 23 cents per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend. However, this is a regular part of the dividend process and not indicative of the company's overall performance.
When a stock goes ex-dividend, it typically trades lower to reflect the payout, which is why the score is -1. However, this is a normal part of the dividend process and does not reflect negatively on the company's overall performance. The relevance is 100 as the news is directly about ALSN. The importance is 70 as dividends are a significant part of a company's financial activities. The confidence is 90 as the impact of dividends on stock price is well-documented.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100