Nuvei Corp Introduces Quarterly Dividend Of $0.10/Share
Portfolio Pulse from Benzinga Newsdesk
Nuvei Corp has announced a quarterly cash dividend of $0.10 per share, payable on September 5, 2023 to shareholders of record as of August 21, 2023. The total dividend payout is expected to be around $15 million, funded from the company's existing cash reserves.
August 09, 2023 | 11:20 am
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POSITIVE IMPACT
Nuvei's declaration of a $0.10 per share dividend could be a positive signal to investors, indicating the company's financial health and commitment to returning capital to shareholders.
Dividends are often seen as a sign of a company's profitability and stability. Nuvei's declaration of a $0.10 per share dividend could therefore be seen as a positive signal to investors. The fact that the dividend will be funded from existing cash reserves also suggests that the company is in a strong financial position.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100