Wednesday Is Your Last Chance To Buy Pfizer Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Wednesday is the last day for investors to buy Pfizer (NYSE:PFE) shares to be eligible for the upcoming quarterly dividend payout of 42 cents per share. The ex-dividend date is Thursday, and the stock is expected to open 42 cents lower to reflect the dividend payout. Shareholders owning PFE by the end of Wednesday will receive the dividend on March 01, 2024, and can reinvest or use the payment as they see fit.
January 22, 2024 | 2:45 pm
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Pfizer is expected to trade lower on the ex-dividend date, reflecting the 42 cents per share dividend payout. Investors must own the stock by Wednesday to be eligible for the dividend.
Stocks typically drop by the amount of the dividend on the ex-dividend date as the dividend payment is factored into the stock price. Since Pfizer is paying a significant dividend, a corresponding drop in its stock price is expected on the ex-dividend date.
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