Cisco Systems's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Cisco Systems (NASDAQ:CSCO) has announced a quarterly dividend of 39 cents per share. The ex-dividend date is Tuesday, meaning the stock will likely open 39 cents lower to reflect the payout. Shareholders who own CSCO as of the end of Monday's session are eligible to receive the dividend, which will be paid out on October 25, 2023.
September 28, 2023 | 2:45 pm
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Cisco Systems has announced a quarterly dividend of 39 cents per share. The stock will likely open lower on the ex-dividend date, Tuesday.
The announcement of a dividend typically leads to a decrease in the stock price on the ex-dividend date. This is because the stock price is adjusted to reflect the payout. Therefore, it is expected that Cisco's stock price will open lower on Tuesday.
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