Element Solutions: Dividend Insights
Portfolio Pulse from Benzinga Insights
Element Solutions (NYSE:ESI) announced it will pay a quarterly dividend of 8 cents per share. The stock will go ex-dividend on Thursday, meaning it will likely open 8 cents lower. Shareholders owning ESI by the end of Wednesday's session will be eligible for the dividend, which will be paid out on September 15, 2023.
August 28, 2023 | 2:45 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Element Solutions' announcement of an 8 cents per share dividend may cause the stock to open lower on the ex-dividend date. Shareholders as of Wednesday's close are eligible for the dividend.
Dividends are typically priced into a company's stock. When a stock goes ex-dividend, the stock price is often adjusted downward to account for the payout, which is why Element Solutions' stock is expected to open lower. This is a direct impact on the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100