Thursday Is Your Last Chance To Buy Templeton Emerging Mkt Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Templeton Emerging Mkt (NYSE:TEI) has announced a monthly dividend of 4.73 cents per share. The stock will go ex-dividend on Friday, meaning it will trade lower to reflect the payout. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend. The dividend will be paid out on September 29, 2023.
September 12, 2023 | 2:45 pm
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NEGATIVE IMPACT
Templeton Emerging Mkt (NYSE:TEI) will pay a monthly dividend of 4.73 cents per share. The stock will go ex-dividend on Friday, which may cause a short-term decrease in the stock price.
The announcement of a dividend often leads to a short-term increase in the stock price as investors buy in to receive the dividend. However, the stock price typically decreases on the ex-dividend date as the stock trades lower to reflect the payout. Therefore, the short-term impact on TEI's stock price is likely to be negative.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100