EnPro Indus's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
EnPro Indus (NYSE:NPO) has announced a quarterly dividend of 29 cents per share. The ex-dividend date is Tuesday, meaning the stock will likely open 29 cents lower to reflect the payout. Shareholders who own NPO as of the end of Monday's session are eligible to receive the dividend, which will be paid out on September 13, 2023.
August 24, 2023 | 2:45 pm
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EnPro Indus's stock is likely to open lower on Tuesday due to the ex-dividend date. The dividend will be paid out on September 13, 2023.
The ex-dividend date is the date on which the stock price is adjusted downwards by the amount of the dividend. This is because on the ex-dividend date, new buyers of the stock will not receive the upcoming dividend. Therefore, the stock price is expected to drop by the amount of the dividend to reflect this. In this case, EnPro Indus's stock is expected to open lower on Tuesday, the ex-dividend date.
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