Evertec: Dividend Insights
Portfolio Pulse from Benzinga Insights
Evertec (NYSE:EVTC) has announced a quarterly dividend of 5 cents per share. The stock will go ex-dividend on Friday, meaning it will likely open 5 cents lower. Shareholders who own EVTC as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on December 01, 2023.
October 24, 2023 | 2:45 pm
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NEGATIVE IMPACT
Evertec's announcement of a 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 indicative of the company's performance.
When a stock goes ex-dividend, it typically trades lower to reflect the payout, which can lead to a short-term decrease in the stock price. However, this is a regular part of the dividend process and does not reflect on the company's overall performance or value.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100