20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Tuesday marks the last chance for investors to receive the next dividend payout from Standard Motor Products (NYSE:SMP).
What's Happening
The company announced on Monday that it would pay shareholders a quarterly dividend of 29 cents per share. On Wednesday, Standard Motor Products will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 29 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Wednesday. Shareholders who own SMP as of the end of Tuesday's session are eligible to receive the 29 cents dividend payout for every share that they own.
According to the company, this dividend will be paid out to shareholders on March 01, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way.
See current stock movements Standard Motor Products on Benzinga.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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