Microchip Technology: Dividend Insights
Portfolio Pulse from Benzinga Insights
Microchip Technology (NASDAQ:MCHP) has announced a quarterly dividend of 41 cents per share, which will be paid out to shareholders on September 05, 2023. The stock will go ex-dividend on Monday, meaning it will likely open 41 cents lower. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend.
August 16, 2023 | 2:45 pm
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Microchip Technology's stock is expected to open lower on Monday due to the ex-dividend date. However, the dividend payout could attract more investors, potentially balancing the short-term impact.
The announcement of a dividend often leads to a short-term decrease in the stock price as it goes ex-dividend. However, the dividend payout can also attract more investors, potentially offsetting the initial drop.
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