Guess's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Guess (NYSE:GES) will go ex-dividend on Tuesday, with shareholders as of Monday's close eligible for a quarterly dividend of $0.30 per share, payable on December 22, 2023. The stock is expected to open $0.30 lower on Tuesday to reflect the dividend payout.
November 30, 2023 | 2:45 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Guess's stock is expected to open lower on the ex-dividend date to reflect the quarterly dividend payout of $0.30 per share.
Stocks typically drop by the amount of the dividend on the ex-dividend date as the dividend payment is factored into the stock price. Since Guess has announced a $0.30 per share dividend, it is likely that the stock will open $0.30 lower on the ex-dividend date, reflecting the cash outflow from the company to its shareholders.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100