Smith & Wesson Brands: Dividend Insights
Portfolio Pulse from Benzinga Insights
Smith & Wesson Brands (NASDAQ:SWBI) has announced a quarterly dividend of 12 cents per share. The stock will go ex-dividend on Wednesday, meaning it will likely open 12 cents lower. Shareholders who own SWBI as of the end of Tuesday's session are eligible to receive the dividend, which will be paid out on October 05, 2023.
September 15, 2023 | 2:45 pm
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Smith & Wesson Brands has announced a quarterly dividend of 12 cents per share. The stock will likely open lower on the ex-dividend date, which is Wednesday.
The announcement of a dividend typically leads to a temporary increase in the stock price as investors buy in to receive the dividend. However, on the ex-dividend date, the stock price usually drops by roughly the amount of the dividend, as the company's assets have effectively decreased by the amount of the dividend payout. In this case, Smith & Wesson Brands' stock is expected to open 12 cents lower on the ex-dividend date.
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