Tuesday Is Your Last Chance To Buy AECOM Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
AECOM (NYSE:ACM) has announced a quarterly dividend of 18 cents per share. The stock will go ex-dividend on Wednesday, meaning it will trade lower to reflect the payout. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend. The dividend will be paid out on July 21, 2023.
June 30, 2023 | 2:46 pm
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NEUTRAL IMPACT
AECOM's announcement of a quarterly dividend of 18 cents per share may lead to a short-term increase in stock purchases before the ex-dividend date, followed by a decrease in stock price as it goes ex-dividend.
The announcement of a dividend often leads to an increase in stock purchases as investors seek to benefit from the payout. However, the stock price typically decreases on the ex-dividend date to reflect the payout, which is why the score is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100