Utz Brands: Dividend Insights
Portfolio Pulse from Benzinga Insights
Utz Brands (NYSE:UTZ) has announced that shareholders as of Thursday's session will be eligible for a quarterly dividend of 5.7 cents per share, with the ex-dividend date being Friday. The stock is expected to open 5.7 cents lower on Friday to reflect the dividend payout. The dividend is scheduled to be paid on January 04, 2024.
December 12, 2023 | 2:45 pm
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Utz Brands will pay a 5.7 cents per share dividend to shareholders on record as of Thursday's session, with the ex-dividend date on Friday. The stock price is expected to open lower by the dividend amount.
The stock price is likely to decrease in the short term by the amount of the dividend as the ex-dividend date approaches, which is a common occurrence in the market. This adjustment reflects the value of the dividend being paid out and is typically priced in by the market.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100