Wednesday Is Your Last Chance To Buy Cencora Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Cencora (NYSE:COR) announced a quarterly dividend of 51 cents per share, with Wednesday being the last day for investors to buy the stock and be eligible for the dividend. The stock will go ex-dividend on Thursday, likely opening 51 cents lower. The dividend payout is scheduled for February 26, 2024.
February 05, 2024 | 2:45 pm
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Cencora announced a quarterly dividend of 51 cents per share, with the stock going ex-dividend on Thursday, indicating a likely opening price drop by the dividend amount.
The announcement of a dividend payout typically leads to a short-term price adjustment in the stock to reflect the dividend payment, in this case, a likely decrease by the amount of the dividend (51 cents) on the ex-dividend date. This is a common market reaction as the stock price adjusts for the cash outflow of the dividend payment.
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