INDUS Realty Trust: Dividend Insights
Portfolio Pulse from Benzinga Insights
INDUS Realty Trust (NASDAQ:INDT) announced a quarterly dividend of 18 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning INDT by the end of Tuesday's session will be eligible for the dividend payout, which will be distributed on June 28, 2023.
June 16, 2023 | 2:45 pm
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INDUS Realty Trust's stock will likely trade lower on Wednesday due to the ex-dividend date, reflecting the 18 cents per share dividend payout.
The stock will likely open 18 cents lower on Wednesday due to the ex-dividend date, as the market adjusts the stock price to reflect the dividend payout. This is a common occurrence for stocks on their ex-dividend date, and investors should be aware of this potential short-term price impact.
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