Insperity's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Insperity (NYSE:NSP) has announced a quarterly dividend of 57 cents per share. The ex-dividend date is Thursday, meaning the stock will likely open 57 cents lower to reflect the payout. Shareholders who own NSP as of the end of Wednesday's session are eligible to receive the dividend, which will be paid out on September 22, 2023.
September 04, 2023 | 2:45 pm
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Insperity's announcement of a 57 cents per share dividend may cause the stock to open lower on the ex-dividend date. However, this is a regular part of the dividend process and not a reflection of the company's performance.
When a company announces a dividend, the stock price typically adjusts down on the ex-dividend date by the amount of the dividend. This is because new buyers of the stock will not receive the dividend. Therefore, the short-term impact on NSP's stock price is likely to be negative, but this is a standard part of the dividend process and does not reflect negatively on the company's performance.
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