Tempur Sealy Intl: Dividend Insights
Portfolio Pulse from Benzinga Insights
Tempur Sealy Intl (NYSE:TPX) announced a quarterly dividend of 11 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning TPX stock by the end of Tuesday's session will be eligible for the dividend, which will be paid on December 4, 2023. The stock is expected to open 11 cents lower on the ex-dividend date to reflect the payout.

November 10, 2023 | 2:45 pm
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Tempur Sealy Intl (TPX) will pay a quarterly dividend of 11 cents per share, with shares expected to open lower by the same amount on the ex-dividend date.
The stock price of TPX is likely to decrease in the short term by the amount of the dividend, as stocks typically drop by the dividend amount on the ex-dividend date. This is a common occurrence and is usually priced in by the market. The importance is moderate as dividends are a regular part of TPX's investment appeal, and the confidence in this analysis is high due to the predictable nature of ex-dividend price adjustments.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100