Monday Is Your Last Chance To Buy Wyndham Hotels & Resorts Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Wyndham Hotels & Resorts (NYSE:WH) has announced a quarterly dividend of 35 cents per share, with the ex-dividend date set for Tuesday. Investors must own the stock by the end of Monday to be eligible for the dividend, which will be paid out on December 27, 2023. The stock is expected to open 35 cents lower on the ex-dividend date.
December 07, 2023 | 2:45 pm
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Wyndham Hotels & Resorts is set to pay a quarterly dividend of 35 cents per share, with shares expected to trade lower by an equivalent amount on the ex-dividend date.
The stock price of Wyndham Hotels & Resorts is likely to decrease in the short term due to the ex-dividend date effect, where the stock price adjusts to reflect the dividend payout. This is a common and expected occurrence when stocks go ex-dividend.
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