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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NEUTRAL IMPACT
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.
CONFIDENCE 90
IMPORTANCE 70
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