Helios Technologies: Dividend Insights
Portfolio Pulse from Benzinga Insights
Helios Technologies (NYSE:HLIO) announced it will pay a quarterly dividend of 9 cents per share. The stock will go ex-dividend on Wednesday, meaning it will likely open 9 cents lower. Shareholders owning HLIO as of the end of Tuesday's session are eligible for the dividend payout. The dividend will be paid out on October 20, 2023.
September 29, 2023 | 2:45 pm
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Helios Technologies will pay a quarterly dividend of 9 cents per share. The stock will go ex-dividend on Wednesday, which may cause a temporary drop in the stock price.
The announcement of a dividend payout usually leads to a temporary increase in the stock price as investors buy in to qualify for the dividend. However, once the stock goes ex-dividend, the stock price typically drops by the amount of the dividend as the company's assets have effectively decreased by the total payout. In this case, Helios Technologies' stock price is expected to drop temporarily by 9 cents per share.
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