Conagra Brands's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Conagra Brands (NYSE:CAG) announced a quarterly dividend of 35 cents per share, with the ex-dividend date set for Monday. Shareholders owning CAG stock by the end of Friday's session will be eligible for the dividend, which will be paid on February 29, 2024. The stock is expected to open 35 cents lower on Monday due to the dividend payout.
January 24, 2024 | 2:45 pm
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Conagra Brands will pay a quarterly dividend of 35 cents per share, with the ex-dividend date on Monday. The stock is likely to open lower by the dividend amount.
The ex-dividend date typically leads to a reduction in a stock's price equivalent to the dividend amount, as the upcoming dividend is no longer included in the stock's price. This is a common and expected short-term impact on the stock price, although the actual market reaction can vary.
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