Cactus: Dividend Insights
Portfolio Pulse from Benzinga Insights
Cactus (NYSE:WHD) has announced a quarterly dividend of 12 cents per share, with Thursday being the last day for investors to be eligible for the dividend. The stock will go ex-dividend on Friday, which means it will likely open 12 cents lower to reflect the payout. Shareholders owning WHD by the end of Thursday will receive the dividend on December 14, 2023.
November 21, 2023 | 2:45 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Cactus (WHD) will pay a quarterly dividend of 12 cents per share, with shares expected to open lower by the dividend amount on the ex-dividend date.
The announcement of a dividend typically leads to the stock price adjusting downward by the amount of the dividend on the ex-dividend date. This is a standard market reaction as the value of the dividend is no longer included in the stock price. Investors should expect a short-term decrease in WHD's stock price by the amount of the dividend.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100