Hewlett Packard's Ex-Dividend Date Is Wednesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Hewlett Packard (NYSE:HPE) has announced that it will pay a quarterly dividend of 12 cents per share. The ex-dividend date is Wednesday, meaning the stock will likely open 12 cents lower to reflect the payout. Shareholders who own HPE as of the end of Tuesday's session are eligible to receive the dividend, which will be paid out on October 13, 2023.
September 08, 2023 | 2:45 pm
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Hewlett Packard's announcement of a 12 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.
The announcement of a dividend often leads to a decrease in the stock's price on the ex-dividend date, as the stock price is adjusted to reflect the payout. However, this is a normal part of the dividend process and does not indicate a problem with the company's performance. Investors who own the stock prior to the ex-dividend date will receive the dividend, providing them with a return on their investment.
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