Wednesday Is Your Last Chance To Buy Cummins Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Cummins (NYSE:CMI) announced a quarterly dividend of $1.68 per share, with Wednesday being the last chance for investors to buy the stock and be eligible for the dividend. The stock will go ex-dividend on Thursday, likely opening $1.68 lower. The dividend payout date is March 07, 2024.
February 19, 2024 | 2:45 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Cummins announces a $1.68 per share quarterly dividend. Wednesday is the last buying day for eligibility, with the stock going ex-dividend Thursday, expected to open $1.68 lower.
The announcement of Cummins' dividend and the subsequent ex-dividend date are directly related to the company's stock (CMI). The expected opening price adjustment ($1.68 lower) on the ex-dividend date is a common occurrence as the stock price adjusts for the dividend payout. This information is crucial for investors looking to capture the dividend or adjust their investment strategy based on the expected price movement. However, the score is neutral (0) because while the dividend is positive news, the expected price adjustment is a standard procedure and not indicative of a fundamental change in the company's value.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100