Tuesday Is Your Last Chance To Buy Primo Water Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Primo Water (NYSE:PRMW) has announced a quarterly dividend of 8 cents per share, which will be paid out to shareholders on September 07, 2023. To be eligible for the dividend, shareholders must own the stock prior to the ex-dividend date, which is Wednesday. The stock will likely open 8 cents lower on Wednesday to reflect the payout.
August 18, 2023 | 2:45 pm
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Primo Water's stock is expected to open lower on Wednesday due to the dividend payout. However, the dividend may attract investors looking for income, potentially supporting the stock price.
Dividend payouts typically result in a decrease in the stock price equivalent to the amount of the dividend. However, the announcement of a dividend can also attract new investors looking for income, which could support the stock price. Therefore, the net impact on the stock price is uncertain.
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