Tuesday Is Your Last Chance To Buy Broadcom Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Broadcom (NASDAQ:AVGO) has announced a quarterly dividend of $4.6 per share, which will be paid out to shareholders on September 29, 2023. To be eligible for this dividend, shareholders must own the stock prior to the ex-dividend date, which is Wednesday. The stock will likely open $4.6 lower on Wednesday to reflect the payout.
September 15, 2023 | 2:45 pm
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Broadcom's stock price is expected to open lower on Wednesday due to the dividend payout. However, the dividend may attract more investors, potentially increasing the stock's demand.
The dividend payout will cause Broadcom's stock price to open lower on Wednesday as the market adjusts for the payout. However, the announcement of a substantial dividend may attract more investors to the stock, potentially increasing demand and offsetting the initial drop.
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