Upbound Group: Dividend Insights
Portfolio Pulse from Benzinga Insights
Upbound Group (NASDAQ:UPBD) has announced a quarterly dividend of 34 cents per share. The stock will go ex-dividend on Monday, meaning it will likely open 34 cents lower. Shareholders who own UPBD as of the end of Friday's session are eligible to receive the dividend payout. The dividend will be paid out to shareholders on October 24, 2023.
September 27, 2023 | 2:45 pm
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NEUTRAL IMPACT
Upbound Group's announcement of a 34 cents per share dividend may cause the stock to open lower on Monday. However, this could be a positive for current shareholders who will receive the dividend.
The announcement of a dividend often leads to a decrease in the stock price as the stock goes ex-dividend. However, this is generally a positive for current shareholders who will receive the dividend. The impact on the stock price is usually temporary and the stock often recovers over time.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100