Unum Gr: Dividend Insights
Portfolio Pulse from Benzinga Insights
Unum Gr (NYSE:UNM) has announced a quarterly dividend of 36.5 cents per share. The stock will go ex-dividend on Thursday, meaning it will likely open 36.5 cents lower. Shareholders who own UNM as of the end of Wednesday's session will be eligible for the dividend, which will be paid out on November 17, 2023.
October 23, 2023 | 2:45 pm
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Unum Gr's announcement of a 36.5 cents per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend. However, this is a regular part of the dividend process and not a reflection of the company's performance.
When a company announces a dividend, the stock price typically decreases by approximately the amount of the dividend on the ex-dividend date. This is because new buyers of the stock will not receive the upcoming dividend. However, this is a standard part of the dividend process and does not reflect negatively on the company's performance or value.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100