Ingersoll Rand: Dividend Insights
Portfolio Pulse from Benzinga Insights
Ingersoll Rand (NYSE:IR) announced a quarterly dividend of 2 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning IR stock by the end of Tuesday are eligible for the dividend, payable on March 28, 2024.
March 01, 2024 | 2:46 pm
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NEUTRAL IMPACT
Ingersoll Rand announced a quarterly dividend of 2 cents per share, affecting stock trading dynamics around the ex-dividend date.
The announcement of a quarterly dividend is a routine financial activity for Ingersoll Rand, likely factored into the stock price. The ex-dividend date adjustment is a standard market mechanism, causing a neutral short-term impact on the stock price. The importance is rated at 75 due to the dividend's role in shareholder value. Confidence in this analysis is high, given the straightforward nature of dividend announcements and their typical market effects.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100