Stellantis CFO Says Special Dividend For Co Unlikely
Portfolio Pulse from Benzinga Newsdesk
Stellantis' CFO announced at the 2024 Bank of America European Autos and Future Car Virtual Conference that a special dividend for the company is unlikely.
September 23, 2024 | 3:03 pm
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NEGATIVE IMPACT
Stellantis' CFO has stated that a special dividend is unlikely, which may affect investor expectations regarding additional returns.
The announcement that a special dividend is unlikely may lead to a negative short-term impact on Stellantis' stock price as investors who were expecting additional returns might adjust their positions.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100