Swiss Helvetia Fund's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Swiss Helvetia Fund (NYSE:SWZ) announced a quarterly dividend of 12.9 cents per share, with the ex-dividend date set for Monday. Shareholders owning the stock by the end of Friday are eligible for the dividend, to be paid on March 28, 2024. The stock is expected to open 12.9 cents lower on the ex-dividend date.
March 13, 2024 | 2:45 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Swiss Helvetia Fund announced a quarterly dividend of 12.9 cents per share, with the ex-dividend date on Monday. The stock is expected to open lower by the dividend amount on the ex-dividend date.
The announcement of a dividend typically leads to a short-term decrease in the stock price equivalent to the dividend amount on the ex-dividend date, as the stock price adjusts to reflect the payout. For SWZ, this means an expected opening price reduction by 12.9 cents on the ex-dividend date.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100