Avis Budget Declares Special Cash Dividend Of $10.00 Per Share Of Common Stock
Portfolio Pulse from Benzinga Newsdesk
Avis Budget Group, Inc. has announced a special cash dividend of $10.00 per share, payable on December 21, 2023, to shareholders of record as of December 15, 2023.
December 05, 2023 | 11:02 pm
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Avis Budget Group, Inc. will pay a special dividend of $10.00 per share, which may attract investors seeking income and could lead to a short-term increase in stock price.
Special dividends are often viewed positively by the market as they return excess cash to shareholders. This can lead to a short-term increase in the stock price as investors may buy in to receive the dividend. However, the stock price may also drop by a similar amount post-dividend due to the reduction in the company's cash reserves.
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