Steven Madden's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Steven Madden (NASDAQ:SHOO) announced a quarterly dividend of 21 cents per share, going ex-dividend on Thursday. Shareholders owning SHOO by the end of Wednesday are eligible for the payout on March 22, 2024. The stock is expected to open 21 cents lower on the ex-dividend date.
March 04, 2024 | 2:46 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Steven Madden announces a quarterly dividend of 21 cents per share with an ex-dividend date on Thursday. The stock is expected to open lower by the dividend amount.
The announcement of a dividend payout typically leads to a short-term 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, SHOO is expected to open 21 cents lower, directly correlating with the dividend amount.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100