Friday Is Your Last Chance To Buy Cable One Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Cable One (NYSE:CABO) has announced a quarterly dividend of $2.95 per share. The stock will go ex-dividend on Monday, 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 15, 2023.
August 23, 2023 | 2:45 pm
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Cable One's stock price is expected to decrease by the amount of the dividend ($2.95) on the ex-dividend date. This is a normal occurrence and does not reflect negatively on the company.
When a stock goes ex-dividend, the price typically drops by the amount of the dividend to reflect the fact that new shareholders are not entitled to that payment. Therefore, we can expect Cable One's stock price to decrease by $2.95 on the ex-dividend date. This is a standard market mechanism and does not indicate any problems with the company.
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