Ferguson: Dividend Insights
Portfolio Pulse from Benzinga Insights
Ferguson (NYSE:FERG) announced it will pay a quarterly dividend of 75 cents per share. The stock will go ex-dividend on Thursday, meaning it will likely open 75 cents lower. Shareholders who own FERG as of the end of Wednesday's session are eligible to receive the dividend, which will be paid out on November 15, 2023.
October 02, 2023 | 2:45 pm
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Ferguson's announcement of a 75 cents per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend. However, this could attract dividend investors.
When a stock goes ex-dividend, it typically trades lower to reflect the payout, which could lead to a short-term decrease in Ferguson's stock price. However, the announcement of a dividend can also be attractive to investors who seek regular income, potentially increasing demand for the stock in the longer term.
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