John Bean Techs: Dividend Insights
Portfolio Pulse from Benzinga Insights
John Bean Techs (NYSE:JBT) has announced a quarterly dividend of 10 cents per share. The stock will go ex-dividend on Friday, meaning it will likely open 10 cents lower. Shareholders who own JBT as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on September 05, 2023.
August 15, 2023 | 2:45 pm
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John Bean Techs has announced a quarterly dividend of 10 cents per share. The stock will likely open lower on the ex-dividend date.
The announcement of a dividend typically leads to a temporary increase in the stock price as investors buy in to receive the dividend. However, on the ex-dividend date, the stock price usually drops by approximately the amount of the dividend, as the company's assets have effectively decreased by the amount of the dividend payout. In this case, John Bean Techs' stock is expected to open 10 cents lower on the ex-dividend date.
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