Templeton Emerging Mkt's Ex-Dividend Date Is Wednesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Templeton Emerging Mkt (NYSE:TEI) has announced a monthly dividend of 4.87 cents per share. The ex-dividend date is Wednesday, meaning the stock will likely open 4.87 cents lower to reflect the payout. Shareholders owning TEI by the end of Tuesday's session are eligible for the dividend, which will be paid out on August 31, 2023.
August 11, 2023 | 2:45 pm
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TEI has announced a dividend payout, which will likely cause the stock to open lower on the ex-dividend date. The dividend will be paid out on August 31, 2023.
The announcement of a dividend payout often leads to a decrease in the stock price on the ex-dividend date, as the stock price is adjusted to reflect the payout. This is likely to happen with TEI on the ex-dividend date. The payout will be made on August 31, 2023, which could lead to increased trading activity around that date.
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