Tuesday Is Your Last Chance To Buy Home Depot Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Home Depot (NYSE:HD) has announced a quarterly dividend of $2.09 per share, with Tuesday being the last day for investors to buy shares and be eligible for the dividend. The stock will go ex-dividend on Wednesday, meaning it will likely open $2.09 lower. The dividend is scheduled to be paid on December 14, 2023.
November 24, 2023 | 2:45 pm
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NEUTRAL IMPACT
Home Depot is set to pay a $2.09 quarterly dividend per share, with shares needing to be purchased by Tuesday to be eligible. The stock will trade ex-dividend on Wednesday, likely opening $2.09 lower.
The announcement of a dividend typically does not have a significant impact on the stock price beyond the mechanical adjustment for the dividend payment. The stock is expected to open lower on the ex-dividend date by the amount of the dividend, which is a standard practice and is already anticipated by the market. Therefore, the short-term impact on the stock price is neutral.
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