EMCOR Group's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
EMCOR Group (NYSE:EME) has announced a quarterly dividend of 18 cents per share. The ex-dividend date is Friday, meaning the stock will likely open 18 cents lower to reflect the payout. Shareholders who own EME as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on October 30, 2023.
October 10, 2023 | 2:45 pm
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EMCOR Group's announcement of a quarterly dividend of 18 cents per share will likely cause the stock to open lower on the ex-dividend date, which is Friday. The dividend will be paid out on October 30, 2023.
Dividends are typically factored into a company's stock price. When a company goes ex-dividend, the stock price is usually adjusted downward to reflect the payout, which is why EMCOR Group's stock is expected to open lower on Friday. However, dividends are a sign of a company's profitability and financial health, which could attract more investors in the long run.
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