Wednesday Is Your Last Chance To Buy Monro Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Monro (NASDAQ:MNRO) has announced a quarterly dividend of 28 cents per share, with Wednesday being the last day for investors to buy the stock and be eligible for the dividend. The stock will go ex-dividend on Thursday, meaning it will likely open 28 cents lower. The dividend is scheduled to be paid on December 19, 2023.
December 04, 2023 | 2:45 pm
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Monro has declared a quarterly dividend of 28 cents per share, with the ex-dividend date being Thursday. The stock is expected to open lower by the dividend amount on that day.
The announcement of a dividend typically does not have a significant impact on the stock price beyond the mechanical adjustment lower by the amount of the dividend on the ex-dividend date. Investors who purchase before the ex-dividend date are entitled to the dividend, which can increase short-term demand, but this is often offset by the price adjustment.
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