MSCI's Ex-Dividend Date Is Wednesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
MSCI (NYSE:MSCI) has announced a quarterly dividend of $1.38 per share. The ex-dividend date is Wednesday, meaning the stock will likely open $1.38 lower to reflect the payout. Shareholders who own MSCI as of the end of Tuesday's session are eligible to receive the dividend, which will be paid out on November 30, 2023.
November 03, 2023 | 2:45 pm
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MSCI's stock price is expected to open lower on the ex-dividend date due to the dividend payout. However, this is a normal occurrence and does not reflect negatively on the company's performance.
When a company announces a dividend, the stock price typically decreases by approximately the amount of the dividend on the ex-dividend date. This is because the cash for the dividend is coming out of the company's coffers, reducing the value of the company by the amount of the dividend. However, this is a standard practice and does not indicate any issues with the company's performance.
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