Thursday Is Your Last Chance To Buy CSP Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
CSP Inc. (NASDAQ:CSPI) announced a quarterly dividend of 5 cents per share, with Thursday being the last day for investors to be eligible for this payout. The stock will go ex-dividend on Friday, likely opening 5 cents lower to reflect the payout. Shareholders owning CSPI by the end of Thursday are eligible for the dividend, which will be paid on March 08, 2024.
February 20, 2024 | 2:46 pm
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NEUTRAL IMPACT
CSP Inc. announces a quarterly dividend of 5 cents per share. Investors must own the stock by Thursday to receive the payout, with the stock going ex-dividend on Friday.
The announcement of a dividend payout typically has a neutral short-term impact on a stock's price, as the price adjustment for the dividend is expected. However, the news may attract short-term investors looking to capture the dividend, potentially increasing trading volume.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100