Lear: Dividend Insights
Portfolio Pulse from Benzinga Insights
Lear Corporation (NYSE:LEA) has announced a quarterly dividend of 77 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning LEA stock by the end of Monday are eligible for the dividend, which will be paid on December 26, 2023. The stock is expected to open 77 cents lower on the ex-dividend date to reflect the payout.
November 30, 2023 | 2:45 pm
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Lear Corporation is set to pay a quarterly dividend of 77 cents per share, with shares expected to open lower by an equivalent amount on the ex-dividend date.
The stock price of Lear Corporation is likely to decrease in the short term by the amount of the dividend on the ex-dividend date, as the market adjusts for the payout. This is a common occurrence when stocks go ex-dividend and reflects the transfer of value from the company to the shareholders.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100