Horace Mann Educators: Dividend Insights
Portfolio Pulse from Benzinga Insights
Horace Mann Educators (NYSE:HMN) announced a quarterly dividend of 33 cents per share, with Tuesday being the last day for investors to be eligible for this dividend. The stock will go ex-dividend on Wednesday, indicating a likely opening price reduction by the dividend amount. Shareholders owning HMN by the end of Tuesday will receive the dividend on December 29, 2023.
December 08, 2023 | 2:45 pm
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Horace Mann Educators declared a quarterly dividend of 33 cents per share, with the ex-dividend date set for Wednesday. The stock price is expected to open lower by the dividend amount on that day.
The stock price is likely to drop in the short term by the amount of the dividend as the stock goes ex-dividend. This is a common occurrence as the value of the dividend is no longer included in the stock price. However, this is a temporary effect and is typically priced in by the market.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100