Hooker Furnishings: Dividend Insights
Portfolio Pulse from Benzinga Insights
Hooker Furnishings (NASDAQ:HOFT) announced a quarterly dividend of 23 cents per share, with the ex-dividend date set for Friday. Shareholders owning the stock by the end of Thursday are eligible for the payout, which will be distributed on March 29, 2024.
March 12, 2024 | 2:45 pm
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NEUTRAL IMPACT
Hooker Furnishings announces a quarterly dividend of 23 cents per share, with the ex-dividend date this Friday. Eligible shareholders will receive the payout on March 29, 2024.
Dividend announcements typically have a neutral to slightly positive impact on stock prices in the short term. However, the stock is expected to open 23 cents lower on the ex-dividend date, reflecting the payout. This adjustment is a standard practice and does not indicate a negative outlook on the company's performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100