Wednesday Is Your Last Chance To Buy Stanley Black & Decker Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Stanley Black & Decker (NYSE:SWK) announced a quarterly dividend of 81 cents per share, with Wednesday being the last day for investors to buy the stock to be eligible for the dividend. The stock will go ex-dividend on Thursday, likely opening 81 cents lower. The dividend payout is scheduled for March 19, 2024.
March 04, 2024 | 2:46 pm
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Stanley Black & Decker announces a quarterly dividend of 81 cents per share, with the stock going ex-dividend on Thursday, likely affecting its opening price.
The announcement of the dividend and the subsequent ex-dividend status on Thursday are likely to lead to a short-term decrease in the stock's price, as it adjusts to reflect the dividend payout. This is a common occurrence in stocks after dividend announcements, especially when the ex-dividend date is imminent.
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