Corebridge Financial Declares Special Dividend Of $1.16 Per Share
Portfolio Pulse from Benzinga Newsdesk
Corebridge Financial has declared a special dividend of $1.16 per share, payable on November 22, 2023, to common shareholders of record on November 13, 2023. The total payment for this special dividend will be approximately $730 million.
November 01, 2023 | 11:38 am
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POSITIVE IMPACT
Corebridge Financial's declaration of a special dividend of $1.16 per share could potentially attract investors, leading to a short-term increase in the stock price.
Dividends are a way for companies to distribute profits back to shareholders, and they can make a stock more attractive to investors. The announcement of a special dividend can lead to increased demand for the stock, potentially driving up the price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100