Cheesecake Factory's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Cheesecake Factory (NASDAQ:CAKE) announced a quarterly dividend of 27 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning CAKE by the end of Monday's session are eligible for the payout on March 19, 2024. The stock is expected to open 27 cents lower on the ex-dividend date.
February 29, 2024 | 2:45 pm
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Cheesecake Factory announces a quarterly dividend of 27 cents per share, with an ex-dividend date this Tuesday. Eligible shareholders must own the stock by end of Monday, with the payout on March 19, 2024.
The stock is expected to open 27 cents lower on the ex-dividend date as it adjusts for the dividend payout. This is a common occurrence on ex-dividend dates and typically results in a temporary decrease in stock price.
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