Wednesday Is Your Last Chance To Buy Stepan Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Wednesday is the last day for investors to buy Stepan (NYSE:SCL) shares to be eligible for the next dividend payout of 37.5 cents per share. The stock will go ex-dividend on Thursday, likely opening 37.5 cents lower. The dividend will be paid on March 15, 2024.
February 26, 2024 | 2:45 pm
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Stepan (NYSE:SCL) announces a quarterly dividend of 37.5 cents per share, with the stock going ex-dividend on Thursday, likely affecting its opening price.
The stock price of Stepan is likely to open lower on the ex-dividend date due to the dividend payout adjustment. This is a common occurrence as the stock price adjusts to reflect the dividend payment, making it slightly less attractive to investors purely seeking capital gains in the short term. However, for long-term investors or those interested in the dividend, this might not deter investment.
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