Tuesday Is Your Last Chance To Buy Cambridge Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Cambridge (NASDAQ:CATC) announced a quarterly dividend of 67 cents per share, with Tuesday being the last day for investors to buy the stock and be eligible for the dividend. The stock will go ex-dividend on Wednesday, likely opening 67 cents lower. The dividend payout is scheduled for February 22, 2024.

February 02, 2024 | 2:45 pm
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NEUTRAL IMPACT
Cambridge announced a quarterly dividend of 67 cents per share, with the stock going ex-dividend on Wednesday, indicating a likely opening price 67 cents lower.
The announcement of a dividend payout typically has a neutral to positive impact on a stock's price in the short term, as it attracts dividend investors. However, the stock going ex-dividend and opening lower is a standard procedure reflecting the dividend payout, which should not alarm investors. The overall impact is neutral because while the dividend announcement is positive, the expected decrease in stock price on the ex-dividend date is a normal occurrence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100