Monday Is Your Last Chance To Buy Gap Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Gap Inc. (NYSE:GPS) has announced a quarterly dividend of 15 cents per share, payable on October 25, 2023. To be eligible for this dividend, shareholders must own the stock before the ex-dividend date, which is Tuesday. The stock will likely trade lower to reflect the payout.
September 28, 2023 | 2:45 pm
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Gap's announcement of a 15 cents per share dividend may lead to increased buying before the ex-dividend date, potentially boosting the stock price in the short term. However, the stock is expected to trade lower after the ex-dividend date.
The announcement of a dividend often leads to increased buying as investors seek to qualify for the payout, potentially boosting the stock price in the short term. However, stocks typically trade lower after the ex-dividend date as the value of the payout is deducted from the stock's price.
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