Home Depot: Dividend Insights
Portfolio Pulse from Benzinga Insights
Home Depot (NYSE:HD) has announced a quarterly dividend of $2.09 per share, payable on September 14, 2023. The stock will go ex-dividend on Wednesday, meaning it will likely open $2.09 lower than usual. Shareholders owning HD as of the end of Tuesday's session are eligible for the dividend.
August 25, 2023 | 2:45 pm
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NEUTRAL IMPACT
Home Depot's announcement of a $2.09 per share dividend may lead to a temporary decrease in the stock price as it goes ex-dividend. However, this is a regular part of the dividend distribution process and does not reflect negatively on the company's performance.
When a stock goes ex-dividend, it typically opens lower on the ex-dividend date to reflect the payout. This is a standard process and does not indicate a problem with the company's performance. Investors who hold the stock until the end of Tuesday's session will receive the dividend, providing them with a return on their investment.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100