Teleflex's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Teleflex (NYSE:TFX) has announced a quarterly dividend of 34 cents per share. The ex-dividend date is Tuesday, meaning the stock will likely open 34 cents lower to reflect the payout. Shareholders owning TFX as of the end of Monday's session are eligible for the dividend, which will be paid out on December 15, 2023.
November 09, 2023 | 2:45 pm
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Teleflex's stock is likely to open lower on Tuesday due to the ex-dividend date. The dividend payout may attract investors, potentially increasing demand for the stock.
The ex-dividend date typically results in a decrease in the stock's price equivalent to the dividend amount. However, the announcement of a dividend can also attract new investors, potentially increasing demand for the stock. The net effect on the stock price is uncertain, hence the neutral score.
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