Capitol Federal Finl's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Capitol Federal Financial (NASDAQ:CFFN) announced a quarterly dividend of 8.5 cents per share, with the ex-dividend date set for Thursday. Shareholders owning the stock by the end of Wednesday are eligible for the dividend, which will be paid on February 16, 2024. The stock is expected to open 8.5 cents lower on the ex-dividend date.
January 29, 2024 | 2:45 pm
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Capitol Federal Financial (CFFN) will likely see its stock price open lower by the amount of the dividend (8.5 cents) on the ex-dividend date, reflecting the payout.
Stocks typically drop by the amount of the dividend on the ex-dividend date as the dividend value is factored out of the stock price. Since CFFN is distributing an 8.5 cents dividend, it's expected that the stock will open lower by a corresponding amount, which is a common occurrence on ex-dividend dates.
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