Darden Restaurants: Dividend Insights
Portfolio Pulse from Benzinga Insights
Darden Restaurants (NYSE:DRI) announced a quarterly dividend of $1.31 per share, with Monday being the last day for investors to be eligible for the dividend. The stock will go ex-dividend on Tuesday, meaning it will trade lower by the dividend amount. The dividend is scheduled to be paid on February 01, 2024, to shareholders who own the stock by the end of Monday's session.
January 04, 2024 | 2:45 pm
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Darden Restaurants is set to pay a $1.31 quarterly dividend. The stock will likely open $1.31 lower on the ex-dividend date, reflecting the payout.
The stock price of Darden Restaurants is expected to drop by the amount of the dividend ($1.31) on the ex-dividend date, as the market adjusts for the payout. This is a common occurrence and is typically priced in by the market. The importance is significant as dividends are a key factor for income-focused investors, but it is not critical as the price adjustment is expected and routine. The confidence level is high due to the predictable nature of price adjustments on ex-dividend dates.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100