Wednesday Is Your Last Chance To Buy HNI Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
HNI (NYSE:HNI) has announced a quarterly dividend of 32 cents per share, which will be paid out to shareholders on September 08, 2023. To be eligible for this dividend, shareholders must own the stock prior to the ex-dividend date, which is Thursday. The stock will likely open 32 cents lower on Thursday to reflect the payout.
August 21, 2023 | 2:45 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
HNI's stock price is expected to open lower on the ex-dividend date due to the dividend payout. This could impact short-term trading strategies.
When a company announces a dividend, the stock price typically drops by the amount of the dividend on the ex-dividend date. This is because the company's assets decrease by the amount of the dividend payout. Therefore, HNI's stock price is expected to open lower on the ex-dividend date.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100