Dolby Laboratories: Dividend Insights
Portfolio Pulse from Benzinga Insights
Dolby Laboratories (NYSE:DLB) announced a quarterly dividend of 30 cents per share, with the ex-dividend date set for Monday. Shareholders owning DLB stock by the end of Friday are eligible for the payout, which will be distributed on February 22, 2024. The stock is expected to open 30 cents lower on the ex-dividend date.
February 07, 2024 | 2:45 pm
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Dolby Laboratories announced a quarterly dividend of 30 cents per share, with an ex-dividend date on Monday. The stock is expected to open 30 cents lower on this 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. In this case, DLB is expected to open 30 cents lower, directly correlating with the dividend amount.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100