Thursday Is Your Last Chance To Buy Equitable Hldgs Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Equitable Hldgs (NYSE:EQH) announced a quarterly dividend of 22 cents per share, with the ex-dividend date set for Friday. Shareholders owning EQH by the end of Thursday are eligible for the payout, which will be distributed on March 04, 2024. The stock is expected to open 22 cents lower on the ex-dividend date.
February 20, 2024 | 2:45 pm
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Equitable Hldgs announces a 22 cents/share quarterly dividend. Eligibility requires ownership by end of Thursday, with payout on March 04, 2024. Stock 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 indicated by the expected 22 cents lower opening. This is a common market reaction as the value of the dividend is subtracted from the company's stock price.
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