Friday Is Your Last Chance To Buy Cincinnati Financial Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Cincinnati Financial (NASDAQ:CINF) announced a quarterly dividend of 75 cents per share, with the ex-dividend date set for Monday. Shareholders owning CINF stock by the end of Friday's session will be eligible for the dividend, which will be paid on January 16, 2024. The stock is expected to open 75 cents lower on Monday to reflect the dividend payout.
December 13, 2023 | 2:45 pm
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Cincinnati Financial will pay a quarterly dividend of 75 cents per share, with shares expected to open lower on the ex-dividend date to reflect the payout.
The stock price of Cincinnati Financial is likely to decrease in the short term by the amount of the dividend, which is a common occurrence on the ex-dividend date as the stock price adjusts for the payout. This is a predictable, short-term impact directly related to the dividend payment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100