Thursday Is Your Last Chance To Buy PulteGroup Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
PulteGroup (NYSE:PHM) has announced a quarterly dividend of 16 cents per share, payable on October 03, 2023. 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.
September 12, 2023 | 2:45 pm
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PulteGroup's announcement of a 16 cents per share dividend may attract investors looking for income, potentially driving up the stock price in the short term. However, the stock will likely open lower on the ex-dividend date.
Dividend announcements often attract investors looking for income, which can drive up the stock price in the short term. However, stocks typically open lower on the ex-dividend date to reflect the payout, which could offset any short-term gains.
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