Selective Insurance Gr's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Selective Insurance Gr (NASDAQ:SIGI) announced it will pay a quarterly dividend of 30 cents per share. The ex-dividend date is Monday, meaning the stock will likely open 30 cents lower to reflect the payout. Shareholders owning SIGI as of the end of Friday's session are eligible for the dividend, which will be paid out on September 01, 2023.
August 09, 2023 | 2:45 pm
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Selective Insurance Gr's stock price is expected to open lower on Monday due to the ex-dividend date. The company will pay a 30 cents per share dividend on September 01, 2023.
The company's announcement of a dividend payout typically leads to a decrease in the stock price on the ex-dividend date. This is because the stock price is adjusted to reflect the payout. Therefore, it is expected that SIGI's stock price will open lower on Monday.
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