Morgan Stanley Emerging's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Morgan Stanley Emerging (NYSE:EDD) has announced a quarterly dividend of 9 cents per share. The ex-dividend date is Thursday, meaning the stock will likely open 9 cents lower to reflect the payout. Shareholders owning EDD by the end of Wednesday's session will be eligible for the dividend, which will be paid out on October 13, 2023.
September 25, 2023 | 2:45 pm
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Morgan Stanley Emerging (EDD) has declared a 9 cents per share dividend. The stock is expected to open lower on the ex-dividend date, Thursday.
Dividends are typically priced into a stock's value. When a stock goes ex-dividend, its price usually drops by the amount of the dividend to reflect the payout. Therefore, EDD's stock price is expected to open lower on the ex-dividend date.
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