Thursday Is Your Last Chance To Buy Organon Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Thursday is the last day for investors to buy Organon (NYSE:OGN) shares to be eligible for the next quarterly dividend payout of 28 cents per share. The stock will go ex-dividend on Friday, meaning it will likely open 28 cents lower. The dividend will be paid on March 14, 2024, and investors can choose to reinvest it or use it otherwise.
February 20, 2024 | 2:45 pm
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NEUTRAL IMPACT
Organon announces a quarterly dividend of 28 cents per share, with the stock going ex-dividend on Friday. The dividend is payable on March 14, 2024.
The announcement of a dividend payout typically has a neutral to positive impact on a company's stock price in the short term. However, the stock going ex-dividend (and thus trading lower by the dividend amount) is a standard procedure that does not necessarily reflect negatively on the company's value or performance. The importance is rated at 75 due to the significance of dividend announcements to investors, especially those focused on income. The confidence level is at 90, reflecting the straightforward nature of dividend payouts and their impacts.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100