PVH's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
PVH Corp. (NYSE:PVH) has announced a quarterly dividend of 3.75 cents per share. The ex-dividend date is Tuesday, meaning the stock will likely open 3.75 cents lower to reflect the payout. Shareholders who own PVH as of the end of Monday's session are eligible to receive the dividend, which will be paid out on September 27, 2023.
August 31, 2023 | 2:45 pm
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PVH Corp. has announced a quarterly dividend of 3.75 cents per share. The stock will likely open lower on the ex-dividend date, Tuesday, to reflect the payout.
The announcement of a dividend typically leads to a decrease in the stock price on the ex-dividend date, as the stock price is adjusted to reflect the payout. Therefore, it is expected that PVH's stock price will open lower on Tuesday. However, the dividend payout could also be seen as a positive signal of the company's profitability and cash flow, which could attract more investors in the long term.
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