MarketAxess Holdings: Dividend Insights
Portfolio Pulse from Benzinga Insights
MarketAxess Holdings (NASDAQ:MKTX) has announced a quarterly dividend of 72 cents per share. The stock will go ex-dividend on Tuesday, meaning it will likely open 72 cents lower. Shareholders who own MKTX 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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MarketAxess Holdings has announced a quarterly dividend of 72 cents per share. The stock will likely open lower on Tuesday due to the ex-dividend status.
The announcement of a dividend typically leads to a temporary increase in the stock price as investors buy in to qualify for the payout. However, the stock price usually drops on the ex-dividend date by an amount roughly equal to the dividend paid. In this case, MarketAxess Holdings' stock is expected to open lower on Tuesday, reflecting the 72 cents per share dividend.
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