IBM's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
IBM (NYSE:IBM) has announced a quarterly dividend of $1.66 per share. The ex-dividend date is Thursday, meaning the stock will likely open $1.66 lower to reflect the payout. Shareholders owning IBM stock prior to the ex-dividend date are eligible for the dividend. The dividend will be paid out on December 09, 2023.
November 06, 2023 | 2:45 pm
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NEUTRAL IMPACT
IBM's stock price is expected to open lower on the ex-dividend date due to the dividend payout. The dividend announcement could attract investors looking for income, potentially increasing demand for IBM shares.
Dividend payouts typically result in a decrease in the stock price equivalent to the amount of the dividend on the ex-dividend date. However, the announcement of a dividend can also attract new investors looking for income, potentially increasing demand for the stock. The net effect on the stock price in the short term is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100