Coca-Cola Consolidated's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Coca-Cola Consolidated (NASDAQ:COKE) has announced a quarterly dividend of 50 cents per share. The ex-dividend date is Thursday, meaning the stock will likely open 50 cents lower to reflect the payout. Shareholders who own COKE as of the end of Wednesday's session are eligible to receive the dividend, which will be paid out on November 10, 2023.
October 23, 2023 | 2:45 pm
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NEGATIVE IMPACT
Coca-Cola Consolidated's stock is expected to open lower on the ex-dividend date due to the announced dividend of 50 cents per share. The dividend will be paid out on November 10, 2023.
The announcement of a dividend often leads to a decrease in the stock price on the ex-dividend date, as the stock price is adjusted to reflect the payout. In this case, Coca-Cola Consolidated's stock is expected to open 50 cents lower on the ex-dividend date. This is a direct impact on the stock price, hence the score of -1. The news is highly relevant and important for shareholders and potential investors, hence the high relevance and importance scores.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100