Dolby Laboratories: Dividend Insights
Portfolio Pulse from Benzinga Insights
Dolby Laboratories (NYSE:DLB) announced a quarterly dividend of 30 cents per share, with the ex-dividend date set for Monday. Shareholders owning DLB stock by the end of Friday's session will be eligible for the dividend, which will be paid on December 5, 2023. The stock is expected to open 30 cents lower on Monday to reflect the dividend payout.
November 22, 2023 | 2:45 pm
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Dolby Laboratories is set to pay a quarterly dividend of 30 cents per share, with the ex-dividend date approaching on Monday. The stock price is expected to adjust lower by the dividend amount on the ex-dividend date.
The stock price of Dolby Laboratories is likely to decrease in the short term by the amount of the dividend on the ex-dividend date, as the market adjusts for the payout. This is a common occurrence with stocks on their ex-dividend date and is typically a temporary adjustment rather than a reflection of the company's fundamental value.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100