Thursday Is Your Last Chance To Buy Colgate-Palmolive Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Colgate-Palmolive (NYSE:CL) announced a quarterly dividend of 48 cents per share, with Thursday being the last day for investors to buy the stock and be eligible for the dividend. The stock will go ex-dividend on Friday, meaning it will open 48 cents lower to reflect the payout. The dividend is scheduled to be paid on February 15, 2024.
January 16, 2024 | 2:45 pm
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Colgate-Palmolive is set to pay a quarterly dividend of 48 cents per share, with shares going ex-dividend on Friday. The stock price will likely open lower by the dividend amount.
The announcement of a dividend typically does not have a significant impact on the stock price beyond the mechanical adjustment lower by the amount of the dividend on the ex-dividend date. Investors who value the dividend income may be more inclined to buy before the ex-dividend date, but this is a regular occurrence for dividend-paying stocks and is usually already priced in by the market.
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