PC Connection: Dividend Insights
Portfolio Pulse from Benzinga Insights
PC Connection (NASDAQ:CNXN) announced a quarterly dividend of 10 cents per share, with the ex-dividend date set for Monday. Shareholders owning CNXN by the end of Friday are eligible for the dividend, payable on March 15, 2024. The stock is expected to open 10 cents lower on the ex-dividend date.
February 21, 2024 | 2:45 pm
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PC Connection announces a quarterly dividend of 10 cents per share, with an ex-dividend date this Monday. Eligible shareholders must own the stock by end of Friday, with the dividend payable on March 15, 2024.
The announcement of a dividend payout typically leads to a short-term decrease in the stock price on the ex-dividend date, reflecting the payout amount. In this case, CNXN is expected to open 10 cents lower, directly correlating with the dividend amount. This is a common market reaction to dividend payouts.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100