Wednesday Is Your Last Chance To Buy TPG Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
TPG (NASDAQ:TPG) announced a quarterly dividend of 48 cents per share, with the ex-dividend date being Thursday. Shareholders must own the stock before this date to be eligible for the dividend, which will be paid on December 01, 2023. The stock is expected to open 48 cents lower on the ex-dividend date.
November 13, 2023 | 2:45 pm
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TPG announced a quarterly dividend of 48 cents per share, with the ex-dividend date set for Thursday. The stock price is expected to open lower by the dividend amount on the ex-dividend date.
The announcement of a dividend typically leads to a short-term decrease in the stock price by the amount of the dividend on the ex-dividend date, as the stock price adjusts for the payout. Investors looking for dividend income may be attracted to the stock before the ex-dividend date, potentially increasing demand, but the expected drop in price on the ex-dividend date is a standard market reaction.
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