Monday Is Your Last Chance To Buy Guess Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Guess (NYSE:GES) has announced a quarterly dividend of 30 cents per share, to be paid out on September 22, 2023. To be eligible for this dividend, shareholders must own the stock prior to the ex-dividend date, which is Tuesday. The stock will likely open 30 cents lower on Tuesday to reflect the payout.
August 31, 2023 | 2:45 pm
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NEUTRAL IMPACT
Guess's announcement of a 30 cents per share dividend may attract investors looking for dividend income, potentially driving up the stock price in the short term. However, the stock is expected to open lower on the ex-dividend date.
The announcement of a dividend payout often attracts investors looking for dividend income, which can drive up the stock price. However, the stock price typically drops on the ex-dividend date to reflect the payout, which is why the score is neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100