Monday Is Your Last Chance To Buy Intuit Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Intuit (NASDAQ:INTU) has announced a quarterly dividend of 90 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning INTU stock by the end of Monday's session will be eligible for the dividend, which will be paid on January 18, 2024. The stock is expected to open 90 cents lower on the ex-dividend date.
January 04, 2024 | 2:45 pm
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Intuit is set to pay a quarterly dividend of 90 cents per share, with shares likely to open lower by the same amount on the ex-dividend date.
While the announcement of a dividend is typically a positive signal, the stock price is expected to adjust down by the amount of the dividend on the ex-dividend date, which is a normal market reaction. Therefore, the short-term impact on the stock price is likely to be neutral.
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