Badger Meter's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Badger Meter (NYSE:BMI) has announced a quarterly dividend of 27 cents per share. The ex-dividend date is Thursday, meaning the stock will likely open 27 cents lower to reflect the payout. Shareholders who own BMI as of the end of Wednesday's session are eligible to receive the dividend, which will be paid out on September 08, 2023.
August 21, 2023 | 2:45 pm
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Badger Meter's stock price is expected to open lower on the ex-dividend date due to the dividend payout. However, this is a regular occurrence and does not reflect negatively on the company's performance.
When a company announces a dividend, the stock price typically decreases by approximately the amount of the dividend on the ex-dividend date. This is because new buyers of the stock will not receive the dividend. However, this is a standard market mechanism and does not indicate any underlying issue with the company.
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