Hillenbrand: Dividend Insights
Portfolio Pulse from Benzinga Insights
Hillenbrand (NYSE:HI) has announced a quarterly dividend of 22.25 cents per share, with Wednesday being the last day for investors to be eligible for the dividend. The stock will go ex-dividend on Thursday, meaning it will likely open 22.25 cents lower to reflect the payout. Shareholders owning the stock by the end of Wednesday will receive the dividend on December 29, 2023.
December 11, 2023 | 2:45 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Hillenbrand is set to pay a quarterly dividend of 22.25 cents per share, with shares going ex-dividend on Thursday. The stock price is expected to open lower by the dividend amount.
The stock price is expected to decrease by the amount of the dividend as it goes ex-dividend, which is a common occurrence as the value of the dividend is accounted for in the stock price. This is a short-term impact and does not necessarily reflect the company's long-term value.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100