Friday Is Your Last Chance To Buy Cable One Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Cable One (NYSE:CABO) has announced a quarterly dividend of $2.95 per share, with the ex-dividend date set for Monday. Shareholders must own the stock before this date to be eligible for the dividend, which will be paid out on December 15, 2023. The stock is expected to open $2.95 lower on Monday to reflect the dividend payout.
November 22, 2023 | 2:45 pm
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Cable One is set to pay a $2.95 per share dividend and will trade ex-dividend on Monday, which may lead to a decrease in stock price by the dividend amount.
Cable One's stock is likely to drop in the short term by the amount of the dividend payout, as the ex-dividend date typically results in a decrease in stock price equivalent to the dividend amount. This is a common occurrence as the market adjusts for the value of the dividend being paid out to shareholders.
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