Analog Devices's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Analog Devices (NASDAQ:ADI) has announced a quarterly dividend of 86 cents per share. The ex-dividend date is Friday, meaning the stock will likely open 86 cents lower to reflect the payout. Shareholders who own ADI as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on September 14, 2023.
August 29, 2023 | 2:45 pm
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Analog Devices has announced a dividend payout, which will likely cause the stock to open lower on the ex-dividend date. The dividend will be paid out on September 14, 2023.
Dividend payouts typically cause a stock's price to decrease by roughly the amount of the dividend on the ex-dividend date. In this case, ADI's stock is expected to open 86 cents lower on the ex-dividend date. This is a significant event for shareholders and potential investors, hence the high relevance and importance scores.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100