D.R. Horton: Dividend Insights
Portfolio Pulse from Benzinga Insights
D.R. Horton (NYSE:DHI) announced a quarterly dividend of 30 cents per share, with the ex-dividend date set for Monday. Shareholders owning the stock by the end of Friday are eligible for the dividend, which will be paid on February 13, 2024. The stock is expected to open 30 cents lower on the ex-dividend date to reflect the payout.
January 31, 2024 | 2:45 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
D.R. Horton will pay a quarterly dividend of 30 cents per share, with shares trading lower on the ex-dividend date to reflect the payout. Eligibility for the dividend requires ownership by the end of Friday, with payment on February 13, 2024.
The announcement of a dividend typically does not have a significant impact on the stock price beyond the mechanical adjustment for the dividend payment. The stock is expected to open lower on the ex-dividend date by the amount of the dividend, which is a standard practice and is already anticipated by the market. Therefore, the short-term impact on the stock price is neutral, but the relevance of the news to DHI is high as it directly pertains to the company's dividend policy. The importance is moderate because dividends are a key factor for income-focused investors. The confidence level is high due to the predictable nature of ex-dividend date price adjustments.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100