Wabash National's Ex-Dividend Date Is Wednesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Wabash National (NYSE:WNC) has announced a quarterly dividend of 8 cents per share. The ex-dividend date is Wednesday, meaning the stock will likely open 8 cents lower to reflect the payout. Shareholders who own WNC as of the end of Tuesday's session are eligible to receive the dividend, which will be paid out on October 26, 2023.
September 29, 2023 | 2:45 pm
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Wabash National's announcement of a quarterly dividend of 8 cents per share may lead to a short-term decrease in the stock price as it adjusts to reflect the payout.
Dividend payouts typically lead to a decrease in the stock price equivalent to the amount of the dividend, as the company's assets decrease by the amount of the payout. In this case, Wabash National's stock price is expected to decrease by 8 cents per share, the amount of the dividend.
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