Tuesday Is Your Last Chance To Buy Tekla World Healthcare Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Tekla World Healthcare (NYSE:THW) announced a monthly dividend of 11.67 cents per share, with Tuesday being the last day for investors to buy the stock to be eligible for the dividend. The stock will go ex-dividend on Wednesday, likely opening 11.67 cents lower. The dividend payout is scheduled for March 28, 2024.
March 15, 2024 | 2:45 pm
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Tekla World Healthcare (THW) announced a monthly dividend of 11.67 cents per share, with the stock going ex-dividend on Wednesday, expected to open 11.67 cents lower.
The announcement of the dividend and the subsequent ex-dividend status of THW stock, which will likely cause the stock to open lower on Wednesday by the amount of the dividend, indicates a short-term negative price adjustment. This is a common occurrence when stocks go ex-dividend as the value of the dividend is accounted for in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100