United States Steel: Dividend Insights
Portfolio Pulse from Benzinga Insights
United States Steel (NYSE:X) has announced a quarterly dividend of 5 cents per share. The stock will go ex-dividend on Friday, meaning it will trade lower to reflect the payout. Shareholders who own X as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on December 07, 2023.
October 31, 2023 | 2:45 pm
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United States Steel'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 necessarily 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 necessarily reflect negatively on the company's overall performance. However, it can lead to short-term price fluctuations.
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