Concentrix: Dividend Insights
Portfolio Pulse from Benzinga Insights
Concentrix (NASDAQ:CNXC) has announced a quarterly dividend of 30.25 cents per share. The stock will go ex-dividend on Thursday, meaning it will likely open 30.25 cents lower. Shareholders who own CNXC as of the end of Wednesday's session are eligible to receive the dividend payout. The dividend will be paid out on November 07, 2023.
October 23, 2023 | 2:45 pm
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Concentrix's announcement of a 30.25 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 indicative of the company's overall performance.
When a stock goes ex-dividend, it typically trades lower to reflect the payout. This is a normal part of the dividend process and does not reflect negatively on the company's overall performance. However, it may lead to a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100