Wednesday Is Your Last Chance To Buy Weyco Group Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Weyco Group (NASDAQ:WEYS) announced a quarterly dividend of 25 cents per share, with Wednesday being the last day for investors to be eligible for this payout. The stock will go ex-dividend on Thursday, likely opening 25 cents lower. The dividend is scheduled for payment on March 29, 2024.
March 11, 2024 | 2:45 pm
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Weyco Group announces a quarterly dividend of 25 cents per share, with the stock going ex-dividend on Thursday, indicating a likely opening price reduction by the dividend amount.
The announcement of Weyco Group's dividend and the subsequent ex-dividend date typically leads to a short-term price adjustment in the stock. Since the stock is expected to open 25 cents lower on the ex-dividend date, this could lead to a temporary decrease in the stock price, reflecting the payout amount. However, this is a common occurrence with dividend-paying stocks and is usually factored into the stock's price dynamics.
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