Allspring Utilities's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Allspring Utilities (ERH) announced a monthly dividend of 7.1 cents per share, with the ex-dividend date set for Monday. Shareholders owning ERH by the end of Friday's session will be eligible for the dividend payout, which will be distributed on July 3, 2023.
June 07, 2023 | 2:45 pm
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Allspring Utilities (ERH) will go ex-dividend on Monday, with a 7.1 cents per share monthly dividend. Shareholders owning ERH by the end of Friday's session will be eligible for the payout on July 3, 2023.
The announcement of the dividend and ex-dividend date is important for ERH shareholders, as it directly affects their returns. However, the short-term impact on the stock price is neutral, as the stock will likely open 7.1 cents lower on Monday to reflect the dividend payout.
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