Toro: Dividend Insights
Portfolio Pulse from Benzinga Insights
Toro (NYSE:TTC) has announced a quarterly dividend of 34 cents per share, which will be paid out to shareholders on October 18, 2023. The stock will go ex-dividend on Tuesday, meaning it will likely open 34 cents lower. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend.
September 28, 2023 | 2:45 pm
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Toro's announcement of a 34 cents per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend. However, this is a regular part of the dividend process and not indicative of the company's overall performance.
When a stock goes ex-dividend, it typically trades lower to reflect the payout, which is why Toro's stock price may decrease in the short term. However, this is a standard part of the dividend process and does not reflect negatively on the company's overall performance.
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IMPORTANCE 60
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