Intel's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Intel (NASDAQ:INTC) announced a quarterly dividend of 12.5 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning INTC by the end of Monday are eligible for the dividend, payable on March 01, 2024. The stock is expected to open 12.5 cents lower on the ex-dividend date.
February 01, 2024 | 2:45 pm
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Intel announced a quarterly dividend of 12.5 cents per share, with the ex-dividend date set for Tuesday. The stock is expected to open 12.5 cents lower on the ex-dividend date.
The announcement of Intel's dividend and the subsequent ex-dividend date typically leads to a short-term decrease in stock price to reflect the dividend payout. This is a common market reaction as the stock price adjusts for the dividend payment being made.
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