Teleflex: Dividend Insights
Portfolio Pulse from Benzinga Insights
Teleflex (NYSE:TFX) has announced a quarterly dividend of 34 cents per share, payable on September 15, 2023. The stock will go ex-dividend on Monday, meaning it will trade lower to reflect the payout. Shareholders who own TFX as of the end of Friday's session are eligible to receive the dividend.
August 09, 2023 | 2:45 pm
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Teleflex's announcement of a 34 cents per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend on Monday. However, this is a regular part of the dividend process and not indicative of the company's performance.
When a stock goes ex-dividend, it typically trades lower to reflect the payout, which is why a short-term decrease in Teleflex's stock price is expected. However, this is a standard part of the dividend process and does not reflect negatively on the company's overall performance.
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