Tuesday Is Your Last Chance To Buy Designer Brands Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Designer Brands (NYSE:DBI) has announced a quarterly dividend of 5 cents per share, with the ex-dividend date set for Wednesday. Shareholders must own the stock before this date to be eligible for the dividend, which will be paid on December 14, 2023. The stock is expected to open 5 cents lower on the ex-dividend date.
November 24, 2023 | 2:45 pm
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Designer Brands is set to pay a quarterly dividend of 5 cents per share, with shares expected to open lower by the same amount on the ex-dividend date.
The announcement of a dividend typically leads to a short-term decrease in the stock price by the amount of the dividend on the ex-dividend date, as the stock price adjusts for the payout. This is a common and expected market reaction.
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