Flexsteel Industries's Ex-Dividend Date Is Wednesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Flexsteel Industries (NASDAQ:FLXS) announced a quarterly dividend of 15 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning the stock by the end of Tuesday's session will be eligible for the dividend, which will be paid on January 8, 2024. The stock is expected to open 15 cents lower on the ex-dividend date to reflect the payout.
December 22, 2023 | 2:45 pm
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Flexsteel Industries will pay a quarterly dividend of 15 cents per share, with shares likely to open lower by the same amount on the ex-dividend date.
The stock price of FLXS is likely to decrease in the short term by the amount of the dividend as the ex-dividend date approaches, which is a common occurrence as the market adjusts for the payout. The importance is moderate as dividends are a regular part of the stock's investment appeal, and the confidence is high due to the predictable nature of ex-dividend price adjustments.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100