Mercer Intl's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Mercer Intl (NASDAQ:MERC) has announced a quarterly dividend of 7.5 cents per share. The ex-dividend date is Tuesday, meaning the stock will likely open 7.5 cents lower to reflect the payout. Shareholders owning MERC as of the end of Monday's session are eligible for the dividend, which will be paid out on October 04, 2023.
September 21, 2023 | 2:45 pm
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Mercer Intl's stock is likely to open lower on Tuesday due to the ex-dividend date. The dividend will be paid out on October 04, 2023.
The ex-dividend date is the date on which the stock price is adjusted downwards by the amount of the dividend. This is because on the ex-dividend date, a new buyer of the stock will not receive the upcoming dividend. Therefore, the stock price is expected to drop by the amount of the dividend to reflect this. In this case, Mercer Intl's stock is expected to open 7.5 cents lower on Tuesday, the ex-dividend date.
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