ICL Group: Dividend Insights
Portfolio Pulse from Benzinga Insights
ICL Group (NYSE:ICL) has announced a quarterly dividend of 6.32 cents per share, payable on September 13, 2023. The stock will go ex-dividend on Tuesday, meaning it will trade lower to reflect the payout. Shareholders owning the stock by the end of Monday's session will be eligible for the dividend.
August 24, 2023 | 2:45 pm
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ICL Group's announcement of a quarterly dividend of 6.32 cents per share may lead to a short-term decrease in the stock price as it goes ex-dividend.
When a company announces a dividend, the stock price typically decreases by approximately the amount of the dividend on the ex-dividend date. In this case, ICL Group has announced a dividend of 6.32 cents per share, which is likely to result in a short-term decrease in the stock price.
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