Parker Hannifin's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Parker Hannifin (NYSE:PH) has announced a quarterly dividend of $1.48 per share. The ex-dividend date is Friday, meaning the stock will likely open $1.48 lower to reflect the payout. Shareholders who own PH as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on September 08, 2023.
August 22, 2023 | 2:45 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Parker Hannifin's announcement of a $1.48 per share dividend will likely cause the stock to open lower on the ex-dividend date, Friday. The dividend will be paid out on September 08, 2023.
Dividend payouts typically cause a company's stock price to decrease by roughly the amount of the dividend on the ex-dividend date. In this case, Parker Hannifin's stock is expected to open $1.48 lower on Friday, reflecting the announced dividend. This is a short-term impact and does not necessarily reflect on the company's overall financial health or performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100