Chemed: Dividend Insights
Portfolio Pulse from Benzinga Insights
Chemed (NYSE:CHE) has announced a quarterly dividend of 40 cents per share, payable on December 04, 2023. The stock will go ex-dividend on Friday, meaning it will likely open 40 cents lower. Shareholders owning CHE by the end of Thursday's session will be eligible for the dividend.
November 07, 2023 | 2:45 pm
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Chemed's announcement of a 40 cents per share dividend may cause the stock to open lower on the ex-dividend date. However, this is a regular part of the dividend process and not a reflection of the company's performance.
When a company announces a dividend, the stock price typically adjusts down on the ex-dividend date by the amount of the dividend. This is because new buyers on that date will not receive the dividend. Therefore, Chemed's stock is expected to open lower on the ex-dividend date, but this is a standard part of the dividend process and does not indicate a problem with the company's performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100