Wednesday Is Your Last Chance To Buy Carrier Global Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Carrier Global (NYSE:CARR) has announced a quarterly dividend of 18.5 cents per share. The stock will go ex-dividend on Thursday, meaning it will trade lower to reflect the payout. Shareholders who own CARR as of the end of Wednesday's session are eligible to receive the dividend, which will be paid out on November 20, 2023.
October 23, 2023 | 2:45 pm
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NEUTRAL IMPACT
Carrier Global's announcement of a dividend payout may lead to increased buying before the ex-dividend date, potentially boosting the stock price in the short term. However, the stock is expected to trade lower on the ex-dividend date.
The announcement of a dividend often leads to increased buying as investors seek to qualify for the payout, potentially boosting the stock price in the short term. However, stocks typically trade lower on the ex-dividend date as they adjust for the payout. Therefore, the short-term impact on CARR's stock price is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100