Enact Holdings: Dividend Insights
Portfolio Pulse from Benzinga Insights
Enact Holdings (NASDAQ:ACT) announced a quarterly dividend of 16 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning the stock by the end of Monday are eligible for the payout, which will be distributed on March 13, 2024. The stock is expected to open 16 cents lower on the ex-dividend date.
February 22, 2024 | 2:45 pm
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Enact Holdings announces a quarterly dividend of 16 cents per share, with an ex-dividend date this Tuesday. Eligible shareholders must own the stock by Monday. Payout is on March 13, 2024.
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 the stock price adjusts to reflect the payout. In this case, ACT is expected to open 16 cents lower on the ex-dividend date, indicating a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100