Erie Indemnity: Dividend Insights
Portfolio Pulse from Benzinga Insights
Erie Indemnity (NASDAQ:ERIE) has declared a quarterly dividend of $1.275 per share, with the ex-dividend date set for Friday. Shareholders owning the stock by the end of Thursday's session will be eligible for the dividend, which will be paid on January 23, 2024. The stock is expected to open $1.275 lower on the ex-dividend date.
January 02, 2024 | 2:45 pm
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Erie Indemnity announced a quarterly dividend of $1.275 per share, with the ex-dividend date approaching. 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 payout is factored into the stock price. This is a common occurrence and is typically priced in by the market. The importance is high for dividend investors, but moderate overall as it is a regular part of the dividend process.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100