Thursday Is Your Last Chance To Buy Primerica Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Primerica (NYSE:PRI) has announced a quarterly dividend of 65 cents per share, which will be paid out to shareholders on September 11, 2023. The stock will go ex-dividend on Friday, meaning it will likely open 65 cents lower. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend.
August 15, 2023 | 2:45 pm
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Primerica's announcement of a 65 cents per share dividend may attract investors looking for income, potentially driving up demand for the stock in the short term. However, the stock is expected to open lower on the ex-dividend date.
Dividend announcements often attract income-focused investors, which could increase demand for the stock. However, stocks typically open lower on the ex-dividend date to reflect the payout, which could put downward pressure on the price.
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