TFS Financial: Dividend Insights
Portfolio Pulse from Benzinga Insights
TFS Financial (NASDAQ:TFSL) has announced a quarterly dividend of 28.25 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning the stock by the end of Monday's session will be eligible for the payout, which will be distributed on December 13, 2023. The stock is expected to open 28.25 cents lower on the ex-dividend date to reflect the payout.
November 23, 2023 | 2:45 pm
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TFS Financial will pay a quarterly dividend of 28.25 cents per share, with shares expected to open lower by the same amount on the ex-dividend date, reflecting the payout.
The stock price of TFS Financial 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 and is typically priced in by the market.
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