Friday Is Your Last Chance To Buy Select Medical Hldgs Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Select Medical Hldgs (NYSE:SEM) has announced a quarterly dividend of 12.5 cents per share. The stock will go ex-dividend on Monday, 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 September 01, 2023.
August 09, 2023 | 2:45 pm
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Select Medical Hldgs (NYSE:SEM) will pay a quarterly dividend of 12.5 cents per share. The stock will go ex-dividend on Monday, which may cause a short-term decrease in the stock price.
The announcement of a dividend often leads to a short-term increase in the stock price as investors buy in to receive the dividend. However, once the stock goes ex-dividend, the stock price typically decreases by the amount of the dividend as the company's assets have effectively decreased by the amount of the dividend payout. In this case, Select Medical Hldgs' stock price may decrease by 12.5 cents per share on Monday.
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