Morgan Stanley Emerg Mkts's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Morgan Stanley Emerg Mkts (NYSE:MSD) has announced a quarterly dividend of 21.25 cents per share. The ex-dividend date is Thursday, meaning the stock will likely open 21.25 cents lower to reflect the payout. Shareholders owning MSD 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 Emerg Mkts has announced a quarterly dividend, which will likely cause the stock to open lower on the ex-dividend date. Shareholders as of end of Wednesday's session will receive the dividend.
The announcement of a dividend often leads to a decrease in the stock price on the ex-dividend date, as the stock price is adjusted to reflect the payout. Therefore, it is expected that MSD's stock price will open lower on the ex-dividend date. However, this is a regular event for dividend-paying stocks and is typically factored into an investor's decision to purchase the stock.
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