Thursday Is Your Last Chance To Buy Matthews International Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Matthews International (NASDAQ:MATW) announced a quarterly dividend of 24 cents per share, with the ex-dividend date set for Friday. Shareholders owning the stock by the end of Thursday are eligible for the dividend, which will be paid on December 11, 2023. The stock is expected to open 24 cents lower on the ex-dividend date.
November 21, 2023 | 2:45 pm
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Matthews International is set to pay a quarterly dividend of 24 cents per share, with shares expected to open lower by the same amount on the ex-dividend date.
The stock price of Matthews International is likely to decrease in the short term by the amount of the dividend payout, as stocks typically drop by the dividend amount on the ex-dividend date. This is a common occurrence and is factored into the price by market participants.
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