Cabot's Ex-Dividend Date Is Wednesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Cabot (NYSE:CBT) has announced that it will pay a quarterly dividend of 40 cents per share. The ex-dividend date is Wednesday, and the stock is expected to trade lower by the dividend amount on that day. Shareholders must own the stock before the ex-dividend date to be eligible for the dividend, which will be paid on December 8, 2023.
November 17, 2023 | 2:45 pm
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Cabot will pay a quarterly dividend of 40 cents per share, with the ex-dividend date being this Wednesday. The stock price is expected to open lower by the dividend amount on the ex-dividend date.
The stock price is likely to drop in the short term by the amount of the dividend as the ex-dividend date approaches, which is a common occurrence in the market. This adjustment reflects the payout of the dividend and is typically priced in by the market.
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