Home Depot: Dividend Insights
Portfolio Pulse from Benzinga Insights
Home Depot (NYSE:HD) announced a quarterly dividend of $2.25 per share, with the ex-dividend date set for Wednesday. Shareholders owning HD stock by the end of Tuesday are eligible for the dividend, payable on March 21, 2024. The stock is expected to open $2.25 lower on the ex-dividend date.
March 01, 2024 | 2:46 pm
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NEGATIVE IMPACT
Home Depot announces a quarterly dividend of $2.25 per share, payable on March 21, 2024. Stock expected to open lower by $2.25 on the ex-dividend date.
The announcement of a dividend payout typically leads to a short-term decrease in the stock price to reflect the payout amount, in this case, $2.25. This is a direct impact on the stock price, making the news highly relevant and important for investors holding or considering $HD. The confidence in the analysis is high due to the predictable nature of stock price adjustments on ex-dividend dates.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100