Friday Is Your Last Chance To Buy TFS Financial Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
TFS Financial (NASDAQ:TFSL) has announced a quarterly dividend of 28.25 cents per share. The stock will go ex-dividend on Monday, meaning it will trade lower to reflect the payout. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend. The dividend will be paid out on September 26, 2023.
September 06, 2023 | 2:45 pm
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NEUTRAL IMPACT
TFS Financial's stock is expected to trade lower on Monday due to the ex-dividend date. The dividend payout may attract investors looking for income, potentially increasing demand for the stock before the ex-dividend date.
The announcement of a dividend payout often attracts investors looking for income, which can increase demand for the stock before the ex-dividend date. However, the stock is expected to trade lower on the ex-dividend date as it will no longer carry the right to the upcoming dividend. The net impact on the stock price is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100