Monday Is Your Last Chance To Buy Lowe's Companies Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Lowe's Companies (NYSE:LOW) has announced a quarterly dividend of $1.1 per share. The stock will go ex-dividend on Tuesday, meaning it will trade lower to reflect the payout. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend. The dividend will be paid out on November 08, 2023.
October 19, 2023 | 2:45 pm
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Lowe's Companies has announced a quarterly dividend of $1.1 per share. The stock will likely open lower on the ex-dividend date, Tuesday.
The announcement of a dividend typically leads to a temporary increase in the stock price as investors buy in to qualify for the payout. However, the stock price usually drops on the ex-dividend date by roughly the amount of the dividend, as the company's assets have effectively decreased by the amount of the payout. In this case, Lowe's stock is expected to open lower on Tuesday, reflecting the $1.1 per share dividend.
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