Tuesday Is Your Last Chance To Buy Ennis Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Ennis (NYSE:EBF) has announced a quarterly dividend of 25 cents per share, with the ex-dividend date set for Wednesday. Shareholders must own the stock before this date to be eligible for the dividend, which will be paid on February 1, 2024. The stock is expected to open 25 cents lower on the ex-dividend date.
December 29, 2023 | 2:45 pm
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Ennis (NYSE:EBF) will pay a 25 cents per share dividend, with shares expected to open lower by the same amount on the ex-dividend date.
The stock price of Ennis is likely to decrease in the short term by the amount of the dividend on the ex-dividend date, as the market adjusts for the payout. This is a common occurrence when stocks go ex-dividend.
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