Wednesday Is Your Last Chance To Buy TD Synnex Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
TD Synnex (NYSE:SNX) announced a quarterly dividend of $0.40 per share, with Wednesday being the last day for investors to be eligible for the dividend. The stock will go ex-dividend on Thursday and is expected to open $0.40 lower to reflect the payout. Shareholders owning SNX by the end of Wednesday will receive the dividend on January 26, 2024.
January 15, 2024 | 2:45 pm
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TD Synnex (NYSE:SNX) will pay a $0.40 quarterly dividend. Wednesday is the last day to buy the stock to be eligible for this dividend. The stock will likely open lower by the dividend amount on Thursday.
The stock is expected to open lower on the ex-dividend date, which is a typical market reaction as the dividend payout is factored into the stock price. This anticipated drop is generally equal to the dividend amount. While this is a routine event for dividend-paying stocks, it can still influence short-term trading behavior.
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