Tronox Holdings's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Tronox Holdings (NYSE:TROX) has announced a quarterly dividend of 12.5 cents per share. The ex-dividend date is Friday, meaning the stock will likely open 12.5 cents lower to reflect the payout. Shareholders who own TROX as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on December 15, 2023.
November 07, 2023 | 2:45 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Tronox Holdings has announced a quarterly dividend of 12.5 cents per share. The stock will likely open lower on the ex-dividend date, which is Friday.
The announcement of a dividend typically leads to a temporary increase in the stock price as investors buy in to receive the dividend. However, on the ex-dividend date, the stock price usually drops by approximately the amount of the dividend, as the company's assets have effectively decreased by the amount of the dividend payout. In this case, Tronox Holdings' stock is expected to open 12.5 cents lower on the ex-dividend date.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100