NAPCO Increases Quarterly Dividend From $0.0625 To $0.08/Share
Portfolio Pulse from Happy Mohamed
NAPCO's Board of Directors has declared a cash dividend of $0.08 per share, an increase of 28% from the previous quarterly dividend. The dividend will be payable to stockholders of record on September 1, 2023, and will be paid on September 22, 2023.
August 18, 2023 | 8:10 pm
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POSITIVE IMPACT
NAPCO's increased dividend may attract more investors, potentially leading to a short-term increase in the stock price.
Dividend increases are often seen as a sign of a company's financial health and can attract income-focused investors. This could increase demand for the stock, potentially leading to a short-term increase in the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100