Tuesday Is Your Last Chance To Buy Warner Music Gr Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Warner Music Gr (NASDAQ:WMG) has announced a quarterly dividend of 17 cents per share, payable on September 01, 2023. The stock will go ex-dividend on Wednesday, 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 18, 2023 | 2:45 pm
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Warner Music Gr's stock is expected to trade lower on Wednesday due to the ex-dividend date. The dividend payout may attract more investors to buy the stock before Tuesday's session ends.
The announcement of a dividend payout often attracts investors who are interested in receiving the dividend. This could increase the demand for the stock, potentially driving up the price in the short term. However, the stock is expected to trade lower on the ex-dividend date as the price adjusts to reflect the payout.
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