Cheesecake Factory: Dividend Insights
Portfolio Pulse from Benzinga Insights
Cheesecake Factory (NASDAQ:CAKE) announced it will pay a quarterly dividend of 27 cents per share. The stock will go ex-dividend on Tuesday, meaning it will likely open 27 cents lower. Shareholders who own CAKE as of the end of Monday's session are eligible to receive the dividend, which will be paid out on August 29, 2023.
August 10, 2023 | 2:45 pm
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NEUTRAL IMPACT
Cheesecake Factory's dividend announcement may lead to a short-term decrease in the stock price as it goes ex-dividend. However, the dividend payout could attract more investors, potentially leading to a longer-term increase.
When a stock goes ex-dividend, its price typically decreases by the amount of the dividend. However, the announcement of a dividend can also attract new investors, which could potentially drive the price up in the longer term.
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IMPORTANCE 70
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