Oracle: Dividend Insights
Portfolio Pulse from Benzinga Insights
Oracle (NYSE:ORCL) announced a quarterly dividend of 40 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning ORCL stock by the end of Tuesday are eligible for the dividend, which will be paid on January 25, 2024. The stock is expected to open 40 cents lower on the ex-dividend date to reflect the payout.
January 05, 2024 | 2:45 pm
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Oracle announced a quarterly dividend of 40 cents per share. The stock will likely open lower by the dividend amount on the ex-dividend date, reflecting the payout.
The announcement of a dividend typically does not have a significant long-term impact on a stock's price, but it is common for the stock price to drop by the amount of the dividend on the ex-dividend date. This is a short-term effect as the market adjusts for the payout. Investors should be aware of this expected price movement, although it does not change the fundamental value of the company.
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