Olin's Ex-Dividend Date Is Wednesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Olin Corporation (NYSE:OLN) announced a quarterly dividend of 20 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning OLN by the end of Tuesday's session are eligible for the dividend, payable on March 15, 2024. The stock is expected to open 20 cents lower on the ex-dividend date.

March 01, 2024 | 2:45 pm
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Olin Corporation announces a quarterly dividend of 20 cents per share, with an ex-dividend date this Wednesday. 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 on the ex-dividend date, as the stock price adjusts to reflect the payout. In Olin's case, the stock is expected to open 20 cents lower on the ex-dividend date, directly correlating with the dividend amount. This is a common market reaction to dividend payouts.
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