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Ex-Dividend Dates Announced for Several S&P 500 Stocks

Investors should note the upcoming ex-dividend dates for Burford Capital Limited, Cadre Holdings, and Pinnacle Financial Partners. The report highlights the expected price adjustments for these stocks, reflecting the potential influence on stock prices ahead of the dividend payouts.

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AI Rating:   6

The report outlines the ex-dividend dates and upcoming dividend payouts for three companies: Burford Capital Limited (BUR), Cadre Holdings Inc (CDRE), and Pinnacle Financial Partners Inc (PNFP). It indicates that on 11/1/24, all three stocks will trade ex-dividend, and their respective dividends are detailed as follows:

  • Burford Capital Limited: $0.0625, approximately 0.46% of its stock price.
  • Cadre Holdings Inc: $0.0875, approximately 0.24% of its stock price.
  • Pinnacle Financial Partners Inc: $0.22, approximately 0.21% of its stock price.

When these stocks trade ex-dividend, they are expected to open lower by these respective percentages, given no other market influences. This could lead to immediate price adjustments in the market as investors factor in the dividend payment.

The report also discusses the historical dividend payouts of these companies, emphasizing that dividends can fluctuate based on company profits. For investors, understanding the dividend history is essential for forming expectations about future yields. The expected annualized yields provided are:

  • Burford Capital Limited: 0.93%
  • Cadre Holdings Inc: 0.94%
  • Pinnacle Financial Partners Inc: 0.85%

These yields suggest a relatively stable dividend expectation moving forward, which could positively impact investor sentiment.

In terms of current trading performance, as of the time of writing, Burford Capital Limited shares are down about 1%, CDRE shares are down about 0.2%, and PNFP shares are slightly up by about 0.2%. These figures illustrate how dividends and trading could interact, with slight decreases mainly reflecting typical market reactions to dividend announcements.

Stocks:  BUR CDRE PNFP