Tuesday Is Your Last Chance To Buy Estee Lauder Cos Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Estee Lauder Cos (NYSE:EL) has announced a quarterly dividend of 66 cents per share, payable on September 15, 2023. The stock will go ex-dividend on Wednesday, 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.
August 25, 2023 | 2:45 pm
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Estee Lauder's announcement of a 66 cents per share dividend may attract investors looking for income, potentially boosting the stock's price in the short term. However, the stock will trade lower on the ex-dividend date.
Dividend announcements often attract income-focused investors, which can boost a stock's price. However, stocks typically trade lower on the ex-dividend date as they are adjusted to reflect the payout. Therefore, the impact on Estee Lauder's stock price is likely to be neutral in the short term.
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