Gen Digital's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Gen Digital (NASDAQ:GEN) has announced a quarterly dividend of 12.5 cents per share. The ex-dividend date is Friday, meaning the stock will likely open 12.5 cents lower to reflect the payout. Shareholders who own GEN as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on September 13, 2023.
August 15, 2023 | 2:46 pm
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Gen Digital's stock price is expected to open lower on Friday due to the ex-dividend date. The dividend will be paid out on September 13, 2023.
The ex-dividend date is the date on which the stock price is adjusted downwards to reflect the dividend payout. As Gen Digital has announced a dividend of 12.5 cents per share, the stock price is expected to open lower by that amount on the ex-dividend date, which is Friday. This is a common occurrence and does not reflect negatively on the company's performance or value.
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