Prudential Financial: Dividend Insights
Portfolio Pulse from Benzinga Insights
Prudential Financial (NYSE:PRU) announced a quarterly dividend of $1.25 per share, with the ex-dividend date set for Monday. Shareholders owning PRU stock by the end of Friday's session will be eligible for the dividend, which will be paid on December 14, 2023. The stock is expected to open $1.25 lower on the ex-dividend date to reflect the payout.
November 15, 2023 | 2:45 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Prudential Financial is set to pay a $1.25 quarterly dividend with the ex-dividend date approaching on Monday. The stock price is expected to open lower by the dividend amount 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 adjustment is typically short-term and reflects the distribution of the dividend to shareholders.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100