Friday Is Your Last Chance To Buy Carpenter Tech Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Carpenter Tech (NYSE:CRS) has announced a quarterly dividend of 20 cents per share, payable on September 07, 2023. The stock will go ex-dividend on Monday, meaning it will trade lower to reflect the payout. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend.
August 16, 2023 | 2:45 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Carpenter Tech's stock is expected to trade lower on Monday due to the ex-dividend date. The dividend payout may attract investors, potentially increasing demand for the stock before the ex-dividend date.
The announcement of a dividend payout often attracts investors who are interested in receiving the dividend. This could increase demand for the stock before the ex-dividend date. However, the stock is expected to trade lower on the ex-dividend date to reflect the payout, which could offset any potential gains.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100