Thursday Is Your Last Chance To Buy William Penn Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
William Penn (NASDAQ:WMPN) has announced a quarterly dividend of 3 cents per share. The stock will go ex-dividend on Friday, meaning it will likely open 3 cents lower. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend. The dividend will be paid out on November 09, 2023.
October 24, 2023 | 2:45 pm
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William Penn's stock price is expected to open lower on Friday due to the ex-dividend date. However, the dividend payout could attract investors, potentially stabilizing the stock price.
The stock price is expected to decrease by the amount of the dividend on the ex-dividend date. However, the announcement of a dividend payout can attract investors looking for income, which could offset the decrease in price.
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