Celanese's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Celanese (NYSE:CE) has announced a quarterly dividend of 70 cents per share. The ex-dividend date is Friday, meaning the stock will likely open 70 cents lower to reflect the payout. Shareholders who own CE as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on November 13, 2023.
October 24, 2023 | 2:46 pm
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Celanese's announcement of a 70 cents per share dividend may cause the stock to open lower on the ex-dividend date, which is Friday. The dividend will be paid out on November 13, 2023.
Dividend payouts typically cause a company's stock price to decrease by roughly the same amount of the dividend on the ex-dividend date. In this case, Celanese's stock is expected to open 70 cents lower on Friday. This is a direct impact of the dividend announcement.
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