Atkore's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Atkore (NYSE:ATKR) announced a quarterly dividend of 32 cents per share, with the ex-dividend date set for Monday. Shareholders owning ATKR by the end of Friday's session are eligible for the dividend, payable on March 15, 2024. The stock is expected to open 32 cents lower on Monday due to the dividend payout.
February 21, 2024 | 2:45 pm
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Atkore announced a quarterly dividend of 32 cents per share, with the ex-dividend date on Monday. The stock is expected to open lower by the dividend amount on that day.
The announcement of a dividend payout typically leads to a short-term decrease in the stock price equal to the dividend amount on the ex-dividend date, as the stock price adjusts to reflect the payout. In this case, ATKR is expected to open 32 cents lower on Monday, directly impacting short-term stock performance.
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