Comcast's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Comcast (NASDAQ:CMCSA) has announced that it will pay a quarterly dividend of 29 cents per share. The ex-dividend date is Tuesday, meaning the stock will likely trade lower to reflect the payout. Shareholders who own CMCSA 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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Comcast's announcement of a 29 cents per share dividend and its ex-dividend date on Tuesday may lead to a short-term decrease in the stock price. However, this is a regular part of the dividend distribution process and does not reflect negatively on the company's performance.
When a company goes ex-dividend, the stock price typically decreases by the amount of the dividend to reflect the payout. This is a standard part of the dividend distribution process and does not indicate a problem with the company's performance. Therefore, while the stock price may decrease in the short term, this is not a negative sign for the company.
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