Monday Is Your Last Chance To Buy Texas Roadhouse Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Texas Roadhouse (NASDAQ:TXRH) announced a quarterly dividend of 55 cents per share, with the ex-dividend date set for Tuesday. Shareholders must own the stock before this date to be eligible for the dividend, which will be paid on December 26, 2023. The stock is expected to open 55 cents lower on the ex-dividend date.
November 30, 2023 | 2:45 pm
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Texas Roadhouse is set to pay a quarterly dividend of 55 cents per share, with shares expected to trade lower by the dividend amount on the ex-dividend date.
The stock price of Texas Roadhouse 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. However, the overall impact may be neutral to positive for long-term investors who value the income from dividends.
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