Friday Is Your Last Chance To Buy Upbound Group Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Upbound Group (NASDAQ:UPBD) announced a quarterly dividend of 37 cents per share, with the ex-dividend date set for Monday. Shareholders must own the stock before this date to be eligible for the dividend, which will be paid on January 9, 2024. The stock is expected to open 37 cents lower on the ex-dividend date.
December 13, 2023 | 2:45 pm
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Upbound Group is set to pay a quarterly dividend of 37 cents per share, with shares expected to open lower by the same amount on the ex-dividend date.
The announcement of a dividend typically has a neutral short-term impact on the stock price, as the price adjusts down by the dividend amount on the ex-dividend date. While dividends are positive news, the price adjustment is expected and thus does not usually drive significant price movement beyond the dividend amount.
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IMPORTANCE 75
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