Thursday Is Your Last Chance To Buy HNI Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
HNI Corporation (NYSE:HNI) has announced a quarterly dividend payout of 32 cents per share, with the ex-dividend date set for Friday. Shareholders must own the stock before the ex-dividend date to be eligible for the dividend, which will be paid on December 1, 2023. The stock is expected to open 32 cents lower on the ex-dividend date.
November 14, 2023 | 2:45 pm
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HNI Corporation will pay a quarterly dividend of 32 cents per share, with shares 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. HNI's stock is expected to open 32 cents lower, reflecting the dividend payout. This is a common occurrence and is usually priced in by the market.
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