NACCO Industries's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
NACCO Industries (NYSE:NC) announced a quarterly dividend of 21.75 cents per share, going ex-dividend on Friday. Shareholders owning the stock by the end of Thursday are eligible for the payout on March 15, 2024. The stock is expected to open 21.75 cents lower on the ex-dividend date.
February 27, 2024 | 2:45 pm
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NACCO Industries announces a quarterly dividend of 21.75 cents per share, with the ex-dividend date set for Friday. 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 decrease in the stock price by the amount of the dividend on the ex-dividend date, as the stock price adjusts to reflect the payout. In this case, NACCO Industries' stock is expected to open 21.75 cents lower on the ex-dividend date, directly impacting investors' short-term valuation of the stock.
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