Tuesday Is Your Last Chance To Buy Levi Strauss Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Levi Strauss (NYSE:LEVI) has announced a quarterly dividend of 12 cents per share. The stock will go ex-dividend on Wednesday, 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 09, 2023.
October 20, 2023 | 2:45 pm
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NEGATIVE IMPACT
Levi Strauss has announced a quarterly dividend of 12 cents per share. The stock will likely open lower on the ex-dividend date, which is Wednesday.
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 to reflect the payout, which is why the score is -1. The relevance is 100 as the news is directly about LEVI. The importance is 80 as dividends are a significant part of a company's financial picture. The confidence is 90 as this is a common occurrence in the stock market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100