Tuesday Is Your Last Chance To Buy Travel+Leisure Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Travel+Leisure (NYSE:TNL) announced a quarterly dividend of 50 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning TNL by the end of Tuesday are eligible for the payout, which will be distributed on March 29, 2024. The stock is expected to open 50 cents lower on the ex-dividend date.
March 15, 2024 | 2:45 pm
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Travel+Leisure announced a 50 cents per share quarterly dividend. Eligibility requires ownership by end of Tuesday, with the ex-dividend date on Wednesday and payout on March 29, 2024.
The announcement of a dividend payout typically leads to a short-term decrease in the stock price equal to the dividend amount on the ex-dividend date, as the stock price adjusts to reflect the payout. In this case, TNL is expected to open 50 cents lower on the ex-dividend date, indicating a short-term negative impact on the stock price.
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