Jack In The Box: Dividend Insights
Portfolio Pulse from Benzinga Insights
Jack In The Box (NASDAQ:JACK) has announced a quarterly dividend of 44 cents per share. The stock will go ex-dividend on Tuesday, meaning it will likely open 44 cents lower. Shareholders who own JACK as of the end of Monday's session are eligible to receive the dividend, which will be paid out on September 18, 2023.
August 31, 2023 | 2:45 pm
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Jack In The Box's announcement of a 44 cents per share dividend may cause the stock to open lower on Tuesday. The dividend will be paid out on September 18, 2023.
The announcement of a dividend often leads to a decrease in the stock's price as it goes ex-dividend. This is because the amount of the dividend is subtracted from the company's assets, which reduces the intrinsic value of the stock. In this case, Jack In The Box's stock is expected to open 44 cents lower on Tuesday, reflecting the amount of the dividend.
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