Watsco's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Watsco (NYSE:WSO) has announced a quarterly dividend of $2.45 per share, which will be paid out to shareholders on October 31, 2023. The ex-dividend date is Monday, meaning the stock will likely open $2.45 lower to reflect the payout. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend.
October 11, 2023 | 2:45 pm
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Watsco's stock will likely open lower on the ex-dividend date due to the payout of the $2.45 per share dividend. This could impact short-term trading strategies.
The ex-dividend date is the date on which the stock price is adjusted downwards by the amount of the dividend. This is because on the ex-dividend date, a new buyer of the stock will not receive the upcoming dividend. Therefore, the stock price is expected to drop by the amount of the dividend to reflect this. In the case of Watsco, the dividend is $2.45 per share, so the stock is expected to open $2.45 lower on the ex-dividend date.
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