IBM's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
IBM announced a quarterly dividend of $1.66 per share, with the ex-dividend date set for Thursday. Shareholders owning the stock by the end of Wednesday are eligible for the payout, which will be distributed on March 09, 2024. The stock is expected to open $1.66 lower on the ex-dividend date.
February 05, 2024 | 2:45 pm
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IBM announced a quarterly dividend of $1.66 per share, with an ex-dividend date this Thursday. The stock is expected to open $1.66 lower on the ex-dividend date.
The announcement of a dividend payout typically leads to a short-term decrease in the stock price equal to the dividend amount on the ex-dividend date, as the stock price adjusts to reflect the payout. Therefore, IBM's stock is likely to experience a short-term decrease of $1.66 on the ex-dividend date.
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