Wednesday Is Your Last Chance To Buy Washington Federal Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Washington Federal (NASDAQ:WAFD) has announced a quarterly dividend of 25 cents per share. The stock will go ex-dividend on Thursday, 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. The dividend will be paid out on September 08, 2023.
August 21, 2023 | 2:45 pm
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Washington Federal's announcement of a 25 cents per share dividend may attract investors looking for income, potentially driving up the stock price in the short term. However, the stock will likely open lower on the ex-dividend date.
Dividend announcements often attract investors looking for income, which can drive up the stock price. However, stocks typically open lower on the ex-dividend date to reflect the payout, which could offset any short-term gains.
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