NXP Semiconductors: Dividend Insights

Monday marks the last chance for investors to receive the next dividend payout from NXP Semiconductors NXPI.

What's Happening

The company announced on Wednesday that it would pay shareholders a quarterly dividend of $1.014 per share. On Tuesday, NXP Semiconductors will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open $1.014 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, Tuesday. Shareholders who own NXPI as of the end of Monday's session are eligible to receive the $1.014 dividend payout for every share that they own.

According to the company, this dividend will be paid out to shareholders on January 05, 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 NXP Semiconductors on Benzinga.