Thursday Is Your Last Chance To Buy Analog Devices Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Analog Devices (NASDAQ:ADI) has announced a quarterly dividend of 86 cents per share, with the ex-dividend date set for Friday. Shareholders owning ADI stock by the end of Thursday are eligible for the dividend, which will be paid on December 14, 2023. The stock is expected to open 86 cents lower on the ex-dividend date.
November 28, 2023 | 2:45 pm
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NEUTRAL IMPACT
Analog Devices will pay a quarterly dividend of 86 cents per share, with shares expected to open lower by the same amount on the ex-dividend date.
While the announcement of a dividend is generally positive, the stock price is expected to adjust lower by the amount of the dividend on the ex-dividend date, which is a typical market reaction and thus has a neutral short term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100