Tuesday Is Your Last Chance To Buy Zions Bancorp Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Zions Bancorp (NASDAQ:ZION) has announced a quarterly dividend of 41 cents per share. The stock will go ex-dividend on Wednesday, meaning it will trade lower to reflect the payout. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend. The dividend will be paid out on November 16, 2023.
November 03, 2023 | 2:45 pm
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NEGATIVE IMPACT
Zions Bancorp has announced a quarterly dividend of 41 cents per share. The stock will likely trade lower on Wednesday as it goes ex-dividend.
The announcement of a dividend typically leads to a temporary increase in stock price as investors buy in to qualify for the payout. However, the stock price usually drops on the ex-dividend date to reflect the payout, which is why the score is -1. The relevance is 100 as the news is directly about ZION. The importance is 80 as dividends are significant to investors. The confidence is 90 based on the clear information provided in the news.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100