Tuesday Is Your Last Chance To Buy Campbell Soup Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Campbell Soup (NYSE:CPB) has announced a quarterly dividend of 37 cents per share, which will be paid out to shareholders on October 30, 2023. To be eligible for this dividend, shareholders must own the stock prior to the ex-dividend date, which is Wednesday. The stock will likely open 37 cents lower on Wednesday to reflect the payout.
September 29, 2023 | 2:45 pm
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NEUTRAL IMPACT
Campbell Soup's announcement of a 37 cents per share dividend may lead to a short-term decrease in the stock price as it adjusts to reflect the payout. However, this could also attract dividend-seeking investors.
Dividend payouts often lead to a short-term decrease in a company's stock price as it adjusts to reflect the payout. However, the announcement of a dividend can also attract investors who are seeking regular income from their investments, potentially leading to increased demand for the stock in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100