Friday Is Your Last Chance To Buy New York Times Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
New York Times (NYSE:NYT) has announced a quarterly dividend of 11 cents per share, payable on October 26, 2023. The stock will go ex-dividend on Monday, meaning it will trade lower to reflect the payout. Friday is the last day for investors to buy the stock and still be eligible for the dividend.
October 04, 2023 | 2:45 pm
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New York Times announced a quarterly dividend of 11 cents per share. The stock will go ex-dividend on Monday, which may cause a short-term drop in the stock price.
The announcement of a dividend often leads to a short-term increase in stock price as investors buy in to receive the dividend. However, once the stock goes ex-dividend, the stock price typically drops by the amount of the dividend as the company's retained earnings decrease. In this case, the New York Times stock is expected to drop by 11 cents per share.
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