Owens-Corning's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Owens-Corning (NYSE:OC) has announced that shareholders as of the end of Thursday's session will be eligible for a quarterly dividend of 60 cents per share. The ex-dividend date is Friday, meaning the stock will likely open 60 cents lower to reflect the payout. The dividend is scheduled to be paid on January 19, 2024.
January 02, 2024 | 2:45 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Owens-Corning will pay a quarterly dividend of 60 cents per share, with the ex-dividend date set for Friday. The stock is expected to open lower by the dividend amount.
The stock price of Owens-Corning is likely to decrease in the short term by the amount of the dividend, as the ex-dividend date approaches. This is a common occurrence as the dividend payout is factored into the stock price. However, this is a temporary effect and does not necessarily reflect the company's long-term value.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100