Tuesday Is Your Last Chance To Buy Cboe Global Markets Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Cboe Global Markets (BATS:CBOE) has announced a quarterly dividend of 55 cents per share. 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. The dividend will be paid out on September 15, 2023.
August 25, 2023 | 2:45 pm
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Cboe Global Markets is set to pay a 55 cents per share dividend. The stock will likely trade lower on the ex-dividend date.
The announcement of a dividend payout typically leads to a short-term increase in stock price as investors buy in to qualify for the dividend. However, the stock price often drops on the ex-dividend date as the market adjusts for the payout. In this case, CBOE's stock is expected to open 55 cents lower on the ex-dividend date.
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