Wednesday Is Your Last Chance To Buy TPG Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
TPG (NASDAQ:TPG) has announced a quarterly dividend of 22 cents per share, payable on September 01, 2023. The stock will go ex-dividend on Thursday, meaning it will likely open 22 cents lower. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend.
August 14, 2023 | 2:45 pm
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TPG has announced a quarterly dividend of 22 cents per share. The stock will go ex-dividend on Thursday, which may cause a short-term drop 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, the stock price typically drops on the ex-dividend date by roughly the amount of the dividend, as the company's assets have effectively decreased by the amount of the dividend payout. In this case, TPG's stock price is expected to drop by 22 cents on the ex-dividend date.
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