Friday Is Your Last Chance To Buy Escalade Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Escalade (NASDAQ:ESCA) has announced a quarterly dividend of 15 cents per share, to be paid out on September 5, 2023. The stock will go ex-dividend on Monday, meaning it will trade lower to reflect the payout. Friday is the last day for investors to buy the stock and be eligible for the dividend.
August 23, 2023 | 2:45 pm
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Escalade's stock price is expected to drop by the amount of the dividend (15 cents) on Monday when it goes ex-dividend. Investors who buy the stock before the end of Friday will be eligible for the dividend.
When a stock goes ex-dividend, it typically drops by the amount of the dividend on the ex-dividend date. In this case, Escalade's stock is expected to drop by 15 cents on Monday. However, investors who buy the stock before the end of Friday will be eligible for the dividend, which could offset the drop in the stock price.
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