P & F Industries's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
P & F Industries (NASDAQ:PFIN) has announced a quarterly dividend of 5 cents per share, with the ex-dividend date set for Monday. Shareholders owning the stock by the end of Friday's session will be eligible for the dividend, which will be paid out on November 29, 2023. The stock is expected to open 5 cents lower on Monday to reflect the dividend payout.
November 15, 2023 | 2:45 pm
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P & F Industries will pay a quarterly dividend of 5 cents per share, with the ex-dividend date on Monday. The stock price is expected to open 5 cents lower on the ex-dividend date.
The stock price is likely to decrease by the amount of the dividend on the ex-dividend date, which is a common occurrence as the value of the dividend is no longer included in the stock price. This is a predictable short-term impact directly related to the dividend payout.
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