Texas Roadhouse's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Texas Roadhouse (NASDAQ:TXRH) has announced a quarterly dividend of 55 cents per share. The ex-dividend date is Tuesday, meaning the stock will likely open 55 cents lower to reflect the payout. Shareholders who own TXRH as of the end of Monday's session are eligible to receive the dividend, which will be paid out on September 26, 2023.
August 31, 2023 | 2:45 pm
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Texas Roadhouse's announcement of a 55 cents per share dividend may cause the stock to open lower on the ex-dividend date, Tuesday. The dividend will be paid out on September 26, 2023.
The announcement of a dividend often leads to a decrease in the stock price on the ex-dividend date, as the stock price is adjusted to reflect the payout. In this case, Texas Roadhouse's stock is expected to open lower on Tuesday, the ex-dividend date. However, this is a common occurrence and does not necessarily indicate a negative outlook for the company. The dividend will provide a return to shareholders, which could potentially attract more investors.
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