Thursday Is Your Last Chance To Buy Embecta Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Embecta (NASDAQ:EMBC) has announced a quarterly dividend of 15 cents per share, with Thursday being the last day for investors to buy the stock and be eligible for the dividend. The stock will go ex-dividend on Friday, which means it will likely open 15 cents lower. The dividend is scheduled to be paid on December 15, 2023.
November 28, 2023 | 2:45 pm
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Embecta will pay a quarterly dividend of 15 cents per share, with the ex-dividend date set for Friday. The stock is expected to open lower by the dividend amount on that day.
While the announcement of a dividend is generally positive, the ex-dividend date typically results in a decrease in stock price equivalent to the dividend amount, which is a neutral event for the stock price in the short term. The importance is high as dividends are a significant event for shareholders, but not critical as it is a regular quarterly payment. The confidence in this analysis is high due to the predictable nature of ex-dividend price adjustments.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100