Templeton Global Income: Dividend Insights
Portfolio Pulse from Benzinga Insights
Templeton Global Income (NYSE:GIM) has announced a monthly dividend of 2.98 cents per share. The stock will go ex-dividend on Friday, meaning it will likely open 2.98 cents lower. Shareholders who own GIM as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on September 29, 2023.
September 12, 2023 | 2:45 pm
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NEUTRAL IMPACT
Templeton Global Income's announcement of a 2.98 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. This is because 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 hold the stock until the end of Thursday's session will receive the dividend.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100