Friday Is Your Last Chance To Buy Carlyle Group Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Carlyle Group (NASDAQ:CG) has announced a quarterly dividend of 35 cents per share, with the ex-dividend date set for Monday. Investors must own the stock before the ex-dividend date to be eligible for the dividend, which will be paid out on November 29, 2023. The stock is expected to open 35 cents lower on the ex-dividend date to reflect the payout.
November 15, 2023 | 2:45 pm
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Carlyle Group is set to pay a quarterly dividend of 35 cents per share, with shares expected to open lower by the same amount on the ex-dividend date.
The announcement of a dividend typically has a neutral to positive effect on a stock's price leading up to the ex-dividend date due to the added value for shareholders. However, the stock price is expected to drop by the amount of the dividend on the ex-dividend date, reflecting the payout. This is a predictable, short-term price adjustment and does not necessarily indicate a negative outlook for the company.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100