Monday Is Your Last Chance To Buy Sempra Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Monday is the last day for investors to buy Sempra (NYSE:SRE) shares to be eligible for its upcoming quarterly dividend payout of 59.5 cents per share. Sempra will go ex-dividend on Tuesday, which will likely result in the stock opening 59.5 cents lower to reflect the dividend payout. The dividend is scheduled to be paid on January 15, 2024, to shareholders who own the stock by the end of Monday's session.
November 30, 2023 | 2:45 pm
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Sempra (NYSE:SRE) will likely see its stock price open lower on Tuesday by the amount of its quarterly dividend payout of 59.5 cents per share, as it goes ex-dividend.
Stocks typically drop by the amount of the dividend on the ex-dividend date as the dividend payout is factored into the stock price. Since SRE is paying a dividend of 59.5 cents per share, it is expected to open lower by a corresponding amount, which is a common occurrence on ex-dividend dates.
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