Commercial Metals's Ex-Dividend Date Is Wednesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Commercial Metals (NYSE:CMC) has announced a quarterly dividend of 16 cents per share. The ex-dividend date is Wednesday, meaning the stock will likely open 16 cents lower to reflect the payout. Shareholders who own CMC as of the end of Tuesday's session are eligible to receive the dividend, which will be paid out on November 09, 2023.
October 20, 2023 | 2:45 pm
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Commercial Metals has announced a quarterly dividend of 16 cents per share. The stock is expected to open lower on the ex-dividend date, reflecting the payout.
The announcement of a dividend typically leads to a decrease in the stock price on the ex-dividend date, reflecting the amount of the dividend. In this case, Commercial Metals' stock is expected to open 16 cents lower on the ex-dividend date.
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