John Hancock: Dividend Insights
Portfolio Pulse from Benzinga Insights
John Hancock (NYSE:HTD) has announced a monthly dividend of 13.8 cents per share. The stock will go ex-dividend on Wednesday, meaning it will likely open 13.8 cents lower. Shareholders who own HTD as of the end of Tuesday's session are eligible to receive the dividend, which will be paid out on October 31, 2023.
October 06, 2023 | 2:45 pm
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NEUTRAL IMPACT
John Hancock's announcement of a 13.8 cents per share dividend may cause the stock to open lower on Wednesday. However, this is a regular part of the dividend process and not a reflection of the company's performance.
The announcement of a dividend often leads to a decrease in the stock price equal to the amount of the dividend on the ex-dividend date. This is a mechanical adjustment to reflect the payout and does not indicate a negative outlook for the company. Therefore, the impact on the stock price is neutral in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100