Monday Is Your Last Chance To Buy Ituran Location & Control Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Ituran Location & Control (NASDAQ:ITRN) announced a quarterly dividend of 39 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning ITRN by the end of Monday are eligible for the dividend, payable on April 03, 2024. The stock is expected to open 39 cents lower on the ex-dividend date.
March 14, 2024 | 2:45 pm
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Ituran Location & Control announced a 39 cents per share quarterly dividend, with the ex-dividend date on Tuesday. Eligible if owned by end of Monday, payable on April 03, 2024.
The announcement of a dividend payout typically leads to a short-term decrease in the stock price to reflect the payout amount, as indicated by the expected opening price being 39 cents lower on the ex-dividend date. This is a common market reaction to dividend payouts.
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