Tekla World Healthcare: Dividend Insights
Portfolio Pulse from Benzinga Insights
Tekla World Healthcare (NYSE:THW) has announced a monthly dividend of 11.67 cents per share. The stock will go ex-dividend on Wednesday, meaning it will likely open 11.67 cents lower. Shareholders who own THW as of the end of Tuesday's session are eligible to receive the dividend, which will be paid out on September 29, 2023.
September 15, 2023 | 2:45 pm
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NEUTRAL IMPACT
Tekla World Healthcare's announcement of a monthly dividend of 11.67 cents per share will likely cause the stock to open lower on Wednesday. However, this is a regular part of the dividend process and not a reflection of the company's performance.
The announcement of a dividend typically leads to a decrease in the stock price equal to the amount of the dividend on the ex-dividend date. This is a standard part of the dividend process and does not reflect negatively on the company's performance. Investors who hold the stock until the end of Tuesday's session will receive the dividend.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100