Emerson Electric: Dividend Insights
Portfolio Pulse from Benzinga Insights
Emerson Electric (NYSE:EMR) announced a quarterly dividend of 52.5 cents per share, with the ex-dividend date set for Thursday. Shareholders owning EMR by the end of Wednesday are eligible for the dividend, payable on March 11, 2024. The stock is expected to open 52.5 cents lower on the ex-dividend date.
February 12, 2024 | 2:45 pm
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Emerson Electric announces a quarterly dividend of 52.5 cents per share, payable on March 11, 2024. Stock expected to open lower on ex-dividend date.
The announcement of a dividend payout typically leads to a short-term decrease in stock price equal to the dividend amount on the ex-dividend date, as the stock price adjusts to reflect the payout. In this case, EMR's stock is expected to open 52.5 cents lower on the ex-dividend date, indicating a direct impact on its stock price in the short term.
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