Tetra Tech: Dividend Insights
Portfolio Pulse from Benzinga Insights
Tetra Tech (NASDAQ:TTEK) has announced a quarterly dividend of 26 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning TTEK stock by the end of Tuesday's session will be eligible for the dividend, which will be paid out on December 13, 2023. The stock is expected to open 26 cents lower on the ex-dividend date to reflect the payout.
November 24, 2023 | 2:45 pm
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Tetra Tech has declared a quarterly dividend of 26 cents per share, with the ex-dividend date approaching. The stock is expected to open lower by the dividend amount on the ex-dividend date.
The announcement of a dividend typically does not have a significant long-term impact on a company's stock price, but it is common for the stock price to drop by the amount of the dividend on the ex-dividend date. This is a short-term effect as the market adjusts for the cash paid out to shareholders. Since the dividend amount is known and the ex-dividend date is set, the confidence in this analysis is high.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100