Zimmer Biomet Holdings's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Zimmer Biomet Holdings (NYSE:ZBH) has announced that shareholders as of Monday's session will be eligible for a quarterly dividend of 24 cents per share, with the ex-dividend date being Tuesday. The stock is expected to open 24 cents lower on the ex-dividend date to reflect the payout. The dividend is scheduled to be paid on January 31, 2024.
December 21, 2023 | 2:45 pm
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Zimmer Biomet Holdings will pay a quarterly dividend of 24 cents per share, with the ex-dividend date being Tuesday. The stock is expected to trade lower by the dividend amount on that day.
The stock is likely to experience a short-term price drop equivalent to the dividend amount on the ex-dividend date, as the value of the dividend is accounted for in the stock price. This is a common occurrence and is typically priced in by the market.
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