Monday Is Your Last Chance To Buy Danaos Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Danaos Corporation (NYSE:DAC) announced a quarterly dividend of 80 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning DAC by the end of Monday's session will be eligible for the dividend, payable on March 14, 2024. The stock is expected to open 80 cents lower on the ex-dividend date.
February 22, 2024 | 2:45 pm
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Danaos Corporation announces a quarterly dividend of 80 cents per share, payable on March 14, 2024, to shareholders who own the stock by the end of Monday's session. The stock is expected to open lower by the dividend amount on the ex-dividend date.
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. This is a common market reaction to dividend announcements, especially when the ex-dividend date is clearly defined, as it is in this case.
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