Tuesday Is Your Last Chance To Buy Trinseo Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Trinseo (NYSE:TSE) has announced a quarterly dividend of 1 cent per share, payable on October 19, 2023. To be eligible for the dividend, shareholders must own the stock before the ex-dividend date, which is Wednesday. The stock will likely open 1 cent lower on Wednesday to reflect the payout.
September 29, 2023 | 2:45 pm
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Trinseo's stock price is expected to open lower on Wednesday due to the dividend payout. However, this is a regular occurrence and does not reflect negatively on the company's performance.
Dividend payouts typically cause a company's stock price to drop by the amount of the dividend on the ex-dividend date. This is a normal occurrence and does not indicate any negative performance by the company. Investors who purchase the stock before the ex-dividend date will receive the dividend, which could be seen as a positive incentive to buy.
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