Phinia's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Phinia (NYSE:PHIN) has announced a quarterly dividend of 25 cents per share, with the ex-dividend date set for Monday. Shareholders who own PHIN as of the end of Friday's session are eligible to receive the dividend payout. The dividend will be paid out to shareholders on September 22, 2023.
September 06, 2023 | 2:45 pm
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NEUTRAL IMPACT
Phinia's announcement of a 25 cents per share dividend and the upcoming ex-dividend date may lead to increased trading activity and potential short-term price fluctuations.
Dividend announcements often lead to increased trading activity as investors buy in to qualify for the dividend or sell after the ex-dividend date. This can cause short-term price fluctuations. However, the impact on the stock's long-term performance is uncertain.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100