Tuesday Is Your Last Chance To Buy Hibbett Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Hibbett (NASDAQ:HIBB) has announced a quarterly dividend of 25 cents per share, payable on September 19, 2023. To be eligible for the dividend, shareholders must own the stock before the ex-dividend date, which is Wednesday. The stock will likely open 25 cents lower on Wednesday to reflect the payout.
September 01, 2023 | 2:45 pm
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Hibbett's stock is likely to open lower on Wednesday due to the dividend payout. However, the dividend may attract investors, potentially increasing demand for the stock.
Dividend payouts typically result in a decrease in the stock price equivalent to the amount of the dividend. However, the announcement of a dividend can also attract new investors, which could potentially offset the decrease in price.
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