Brown & Brown's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Brown & Brown (NYSE:BRO) has announced a quarterly dividend of 13 cents per share, which will be paid out to shareholders on November 15, 2023. The ex-dividend date is Tuesday, meaning the stock will likely open 13 cents lower to reflect the payout. Shareholders who own BRO as of the end of Monday's session are eligible to receive the dividend.
October 26, 2023 | 2:45 pm
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Brown & Brown's stock will likely open lower on Tuesday due to the ex-dividend date. However, the dividend payout could attract more investors, potentially balancing the short-term impact.
The ex-dividend date typically results in a temporary drop in a company's stock price, reflecting the amount of the dividend payout. However, the announcement of a dividend can also attract new investors, which could offset the short-term price drop.
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