Monro's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Monro (NASDAQ:MNRO) has announced a quarterly dividend of 28 cents per share. The ex-dividend date is Monday, meaning the stock will likely trade lower to reflect the payout. Shareholders who own MNRO as of the end of Friday's session are eligible to receive the dividend, which will be paid out on September 05, 2023.
August 16, 2023 | 2:45 pm
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Monro's stock is likely to trade lower on Monday due to the ex-dividend date. The dividend payout could attract more investors, potentially increasing the stock's demand in the long term.
The ex-dividend date is the date when the stock price is adjusted downwards to reflect the dividend payout. This could lead to a short-term decrease in the stock price. However, the dividend payout could make the stock more attractive to income-focused investors, potentially increasing demand for the stock in the long term.
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