Friday Is Your Last Chance To Buy Ecolab Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Ecolab (NYSE:ECL) has announced a quarterly dividend of 57 cents per share, with the ex-dividend date set for Monday. Investors must own ECL shares before the ex-dividend date to be eligible for the dividend, which will be paid on January 16, 2024. The stock is expected to open 57 cents lower on the ex-dividend date to reflect the payout.
December 13, 2023 | 2:45 pm
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Ecolab will pay a quarterly dividend of 57 cents per share, with the ex-dividend date being the upcoming Monday. The stock is likely to open lower by the dividend amount on the ex-dividend date.
The stock price of Ecolab is likely to decrease in the short term by the amount of the dividend on the ex-dividend date, as the market adjusts for the payout. This is a common occurrence with stocks on their ex-dividend date. However, the impact is typically short-lived and reflects the distribution of the dividend rather than a change in the company's fundamentals.
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