Friday Is Your Last Chance To Buy Medifast Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Medifast (NYSE:MED) has announced a quarterly dividend of $1.65 per share, payable on November 07, 2023. The stock will go ex-dividend on Monday, meaning it will trade lower to reflect the payout. Friday is the last day for investors to buy the stock and be eligible for the dividend.
September 13, 2023 | 2:45 pm
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Medifast's stock price is expected to decrease by the amount of the dividend ($1.65) on the ex-dividend date. However, the dividend payout could attract more investors, potentially increasing demand for the stock.
The stock price typically decreases by the amount of the dividend on the ex-dividend date, as the company's assets decrease by the amount of the dividend payout. However, the announcement of a dividend can also attract investors looking for income, potentially increasing demand for the stock.
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