Vector Group: Dividend Insights
Portfolio Pulse from Benzinga Insights
Vector Group (NYSE:VGR) has announced a quarterly dividend of 20 cents per share. The stock will go ex-dividend on Thursday, meaning it will likely open 20 cents lower. Shareholders who own VGR as of the end of Wednesday's session are eligible to receive the dividend, which will be paid out on September 15, 2023.
August 28, 2023 | 2:45 pm
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Vector Group's announcement of a 20 cents per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend. However, this is a regular part of the dividend process and not a reflection of the company's performance.
When a stock goes ex-dividend, it typically opens lower to reflect the payout. This is a normal part of the dividend process and does not reflect negatively on the company's performance. However, it can lead to short-term price volatility.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100