Universal's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Universal (NYSE:UVV) announced a quarterly dividend of 80 cents per share, with the ex-dividend date set for Friday. Shareholders owning the stock by the end of Thursday are eligible for the dividend, which will be paid on February 5, 2024. The stock is expected to open 80 cents lower on the ex-dividend date to reflect the payout.
January 02, 2024 | 2:45 pm
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Universal will pay a quarterly dividend of 80 cents per share, with shares expected to open lower by the same amount on the ex-dividend date.
The stock price is likely to drop in the short term by the amount of the dividend as the ex-dividend date approaches, which is a common occurrence in the market. This adjustment reflects the payout of the dividend and is typically priced in by the market.
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