Caleres: Dividend Insights
Portfolio Pulse from Benzinga Insights
Caleres (NYSE:CAL) has announced a quarterly dividend of 7 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning CAL stock by the end of Tuesday's session will be eligible for the dividend, which will be paid out on January 05, 2024. The stock is expected to open 7 cents lower on the ex-dividend date to reflect the payout.
December 15, 2023 | 2:45 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Caleres has declared a quarterly dividend of 7 cents per share, with the ex-dividend date being this Wednesday. The stock price is expected to open lower by the dividend amount on the ex-dividend date.
The stock price is likely to drop by the amount of the dividend on the ex-dividend date as the dividend value is no longer included in the stock price. This is a common occurrence and is typically priced in by the market.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100