Wednesday Is Your Last Chance To Buy TPG Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
TPG (NASDAQ:TPG) announced a quarterly dividend of 44 cents per share, with Wednesday being the last day for investors to buy the stock to be eligible for the dividend. The stock will go ex-dividend on Thursday, likely opening 44 cents lower. The dividend payout is scheduled for March 08, 2024.
February 19, 2024 | 2:45 pm
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TPG announced a quarterly dividend of 44 cents per share, with the ex-dividend date set for Thursday. The stock is expected to open lower by the dividend amount on the ex-dividend date.
The announcement of a dividend payout typically leads to a short-term decrease in the stock price by the amount of the dividend on the ex-dividend date, as the stock price adjusts to reflect the payout. Therefore, TPG's stock is likely to open lower by 44 cents on the ex-dividend date, indicating a short-term negative impact.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100