Sensata Technologies's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Sensata Technologies (NYSE:ST) has announced a quarterly dividend of 12 cents per share. The ex-dividend date is Tuesday, meaning the stock will likely open 12 cents lower to reflect the payout. Shareholders who own ST as of the end of Monday's session are eligible to receive the dividend, which will be paid out on November 22, 2023.
November 02, 2023 | 2:45 pm
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Sensata Technologies' stock price may open lower on Tuesday due to the ex-dividend date. The dividend payout could also attract more investors, potentially increasing the stock's demand.
The ex-dividend date often leads to a temporary decrease in a stock's price, as it adjusts to reflect the upcoming dividend payout. However, the announcement of a dividend can also attract new investors, potentially increasing demand for the stock in the short term.
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