Tuesday Is Your Last Chance To Buy Standard Motor Products Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Standard Motor Products (NYSE:SMP) announced a quarterly dividend of 29 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning SMP by the end of Tuesday are eligible for the dividend, payable on March 01, 2024.
February 09, 2024 | 2:45 pm
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Standard Motor Products announced a quarterly dividend of 29 cents per share, affecting stock trading dynamics around the ex-dividend date.
The announcement of a dividend payout typically leads to a short-term decrease in the stock price to reflect the payout amount, in this case, 29 cents per share. This is a direct impact on SMP's stock price around the ex-dividend date.
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