Seaboard: Dividend Insights
Portfolio Pulse from Benzinga Insights
Seaboard (AMEX:SEB) has announced a quarterly dividend of $2.25 per share, payable on November 20, 2023. The stock will go ex-dividend on Wednesday, meaning it will likely open $2.25 lower. Shareholders owning SEB as of the end of Tuesday's session are eligible for the dividend.
November 03, 2023 | 2:45 pm
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NEGATIVE IMPACT
Seaboard's announcement of a $2.25 per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend. However, this is a normal occurrence and does not reflect negatively on the company's performance.
When a stock goes ex-dividend, it typically trades lower to reflect the payout. This is a standard market mechanism and does not indicate a problem with the company. However, it can lead to a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100