Friday Is Your Last Chance To Buy Aramark Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Aramark (NYSE:ARMK) has announced a quarterly dividend of 9.5 cents per share, with the ex-dividend date set for Monday. Investors must own the stock before the ex-dividend date to be eligible for the dividend, which will be paid out on December 8, 2023. The stock is expected to open 9.5 cents lower on the ex-dividend date.
November 22, 2023 | 2:45 pm
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Aramark is set to pay a quarterly dividend of 9.5 cents per share, with shares expected to open lower by the same amount on the ex-dividend date.
The stock price is likely to drop by the amount of the dividend on the ex-dividend date, which is a common occurrence as the market adjusts for the payout. This is a short-term impact and is typically priced in by the market.
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