CSG Systems Intl: Dividend Insights
Portfolio Pulse from Benzinga Insights
CSG Systems Intl (NASDAQ:CSGS) announced a quarterly dividend of 28 cents per share. The stock will go ex-dividend on Wednesday, meaning it will likely open 28 cents lower. Shareholders owning the stock by the end of Tuesday's session will be eligible for the dividend, which will be paid out on September 28, 2023.
September 08, 2023 | 2:46 pm
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CSG Systems Intl's stock is expected to open lower on Wednesday due to the ex-dividend date. However, the dividend payout could attract more investors, potentially balancing the short-term impact.
The ex-dividend date often leads to a temporary drop in a company's stock price, reflecting the amount of the dividend payout. However, the announcement of a dividend can also attract new investors, which could offset the short-term price drop.
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