Horace Mann Educators: Dividend Insights
Portfolio Pulse from Benzinga Insights
Horace Mann Educators (NYSE:HMN) announced a quarterly dividend of 33 cents per share. The stock will go ex-dividend on Thursday, meaning it will likely open 33 cents lower. Shareholders owning HMN by the end of Wednesday's session will be eligible for the dividend, which will be paid out on September 29, 2023.
September 11, 2023 | 2:45 pm
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Horace Mann Educators announced a quarterly dividend of 33 cents per share. The stock will likely open lower on the ex-dividend date.
The announcement of a dividend typically leads to a temporary increase in the stock price as investors buy in to receive the dividend. However, on the ex-dividend date, the stock price usually drops by about the amount of the dividend, as the company's assets have effectively decreased by the amount of the total dividend payout. In this case, Horace Mann Educators' stock is expected to open 33 cents lower on the ex-dividend date.
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