Hamilton Beach Brands's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Hamilton Beach Brands (NYSE:HBB) has announced a quarterly dividend of 11 cents per share. The stock will go ex-dividend on Friday, meaning it will trade lower to reflect the payout. Shareholders who own HBB as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on September 15, 2023.
August 29, 2023 | 2:45 pm
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Hamilton Beach Brands (HBB) has announced a quarterly dividend of 11 cents per share. The stock will go ex-dividend on Friday, which will likely cause the stock to open lower.
The announcement of a dividend typically leads to a temporary increase in the stock price as investors buy in to qualify for the payout. However, once the stock goes ex-dividend, the price usually drops by roughly the amount of the dividend, as the company's assets have effectively decreased by the amount of the payout. In this case, HBB is expected to open lower on Friday, the ex-dividend date.
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