Bio-Techne's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Bio-Techne (NASDAQ:TECH) has announced a quarterly dividend of 8 cents per share. The ex-dividend date is Thursday, meaning the stock will likely open 8 cents lower to reflect the payout. Shareholders who own TECH as of the end of Wednesday's session are eligible to receive the dividend, which will be paid out on September 01, 2023.
August 14, 2023 | 2:45 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Bio-Techne's announcement of a quarterly dividend of 8 cents per share may lead to a short-term decrease in the stock price due to the ex-dividend date.
When a company announces a dividend, the stock price typically decreases by approximately the amount of the dividend on the ex-dividend date. In this case, Bio-Techne's stock price is expected to open 8 cents lower on the ex-dividend date.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100