Tuesday Is Your Last Chance To Buy ABM Indus Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
ABM Indus (NYSE:ABM) has announced a quarterly dividend of 22 cents per share, payable on August 07, 2023. To be eligible for the dividend, shareholders must own the stock before the ex-dividend date, which is Wednesday. The stock will likely open 22 cents lower on Wednesday to reflect the payout.
June 30, 2023 | 2:46 pm
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ABM Indus has announced a quarterly dividend of 22 cents per share. The stock is expected to open lower on the ex-dividend date, which is Wednesday.
The announcement of a dividend typically leads to a temporary increase in the stock price as investors buy in to qualify for the payout. However, the stock price usually drops on the ex-dividend date to reflect the payout, which is why the score is -1. The relevance, importance, and confidence are high as the news directly pertains to ABM and is significant for its shareholders.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100