Monday Is Your Last Chance To Buy InterDigital Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
InterDigital (NASDAQ:IDCC) has announced a quarterly dividend of 40 cents per share, with the ex-dividend date set for Tuesday. Shareholders must own the stock before this date to be eligible for the dividend, which will be paid on January 24, 2024. The stock is expected to open 40 cents lower on the ex-dividend date to reflect the payout.
January 04, 2024 | 2:45 pm
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InterDigital will pay a quarterly dividend of 40 cents per share, with shares likely to open lower by the same amount on the ex-dividend date.
The stock price of IDCC 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 with stocks on their ex-dividend date.
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