Wednesday Is Your Last Chance To Buy Masco Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Masco (NYSE:MAS) has announced a quarterly dividend of 28.5 cents per share, which will be paid out to shareholders on November 27, 2023. To be eligible for this dividend, shareholders must own the stock prior to the ex-dividend date, which is Thursday. The stock will likely open 28.5 cents lower on Thursday to reflect the payout.
November 06, 2023 | 2:45 pm
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Masco's stock will likely open lower on Thursday due to the dividend payout. This could impact short-term trading strategies.
Dividend payouts typically result in a decrease in the stock's price on the ex-dividend date. This is because the amount of the dividend is subtracted from the company's assets, which impacts the stock's intrinsic value. Therefore, Masco's stock is expected to open lower on Thursday.
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