Tuesday Is Your Last Chance To Buy Group 1 Automotive Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Tuesday is the last day for investors to buy Group 1 Automotive (NYSE:GPI) shares to be eligible for the next dividend payout of 45 cents per share. The stock will go ex-dividend on Wednesday, and the dividend will be paid out on June 15, 2023.
May 26, 2023 | 2:46 pm
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Group 1 Automotive's stock will likely open 45 cents lower on Wednesday due to the ex-dividend date. Investors must own shares by end of Tuesday to receive the dividend.
The stock will go ex-dividend on Wednesday, which means it will trade lower to reflect the dividend payout. This typically results in a short-term decrease in the stock price, as the stock will likely open 45 cents lower than it would have on any other day. Investors who own GPI shares by the end of Tuesday will be eligible for the dividend payout, making this news relevant and important for GPI shareholders.
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