Hibbett: Dividend Insights
Portfolio Pulse from Benzinga Insights
Hibbett (NASDAQ:HIBB) announced a quarterly dividend of 25 cents per share, with Tuesday being the last day for investors to be eligible for the dividend. The stock will go ex-dividend on Wednesday, indicating it will likely open 25 cents lower. The dividend is scheduled to be paid on December 19, 2023.
December 01, 2023 | 2:45 pm
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Hibbett will pay a quarterly dividend of 25 cents per share, with the ex-dividend date set for Wednesday. The stock is expected to open lower by the dividend amount on that day.
The stock price of HIBB is likely to decrease in the short term by the amount of the dividend as it goes ex-dividend. This is a common occurrence as the value of the dividend is accounted for in the stock price. However, the impact is typically short-lived and the stock may recover as the market adjusts.
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