Thursday Is Your Last Chance To Buy Elbit Systems Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Elbit Systems (NASDAQ:ESLT) has announced a quarterly dividend of 50 cents per share. The stock will go ex-dividend on Friday, meaning it will likely open 50 cents lower. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend. The dividend will be paid out on October 23, 2023.
October 03, 2023 | 2:45 pm
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Elbit Systems' announcement of a 50 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, potentially stabilizing the price.
When a stock goes ex-dividend, it typically opens lower on the ex-dividend date to reflect the payout. However, the announcement of a dividend can attract investors who are interested in dividend income, which could potentially stabilize the stock price.
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