Darden Restaurants: Dividend Insights
Portfolio Pulse from Benzinga Insights
Darden Restaurants (NYSE:DRI) has announced a quarterly dividend of $1.31 per share. The stock will go ex-dividend on Monday, meaning it will trade lower to reflect the payout. Shareholders who own DRI as of the end of Friday's session are eligible to receive the dividend, which will be paid out on November 01, 2023.
October 04, 2023 | 2:45 pm
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Darden Restaurants has announced a quarterly dividend of $1.31 per share. The stock will go ex-dividend on Monday, which will likely cause the stock to open lower.
The announcement of a dividend often leads to a temporary increase in the stock price as investors buy in to receive the dividend. However, the stock price typically drops on the ex-dividend date by an amount roughly equal to the dividend paid. In this case, Darden Restaurants' stock is expected to open lower on Monday, the ex-dividend date.
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