Templeton Global Income's Ex-Dividend Date Is Wednesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Templeton Global Income (NYSE:GIM) announced it will pay a monthly dividend of 3.1 cents per share. The stock will go ex-dividend on Wednesday, meaning it will likely open 3.1 cents lower. Shareholders owning GIM by the end of Tuesday's session will be eligible for the dividend, which will be paid out on August 31, 2023.
August 11, 2023 | 2:45 pm
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NEUTRAL IMPACT
Templeton Global Income'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 stabilizing the price.
When a stock goes ex-dividend, it typically opens lower to reflect the payout. However, the announcement of a dividend can also attract more investors, which could stabilize the stock price. Therefore, the short-term impact on GIM's stock price is neutral.
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