Organon: Dividend Insights
Portfolio Pulse from Benzinga Insights
Organon (NYSE:OGN) has announced a quarterly dividend of 28 cents per share, payable on December 14, 2023. The stock will go ex-dividend on Friday, meaning it will likely open 28 cents lower. Shareholders who own OGN as of the end of Thursday's session are eligible to receive the dividend.
November 07, 2023 | 2:45 pm
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NEUTRAL IMPACT
Organon's announcement of a 28 cents per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend. However, the dividend could also attract income-focused investors.
When a stock goes ex-dividend, its price typically decreases by the amount of the dividend, as the company's assets have effectively decreased by the amount paid out. However, the announcement of a dividend can also be attractive to income-focused investors, potentially offsetting the short-term price decrease.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100