Creative Media's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Creative Media (NASDAQ:CMCT) has announced a quarterly dividend of 8.5 cents per share. The ex-dividend date is Friday, meaning the stock will likely open 8.5 cents 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 24, 2023.
July 04, 2023 | 2:46 pm
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Creative Media's stock will likely open lower on the ex-dividend date due to the payout. The dividend will be paid out on July 24, 2023.
The stock price typically drops on the ex-dividend date by an amount roughly equal to the dividend paid. This is because the dividend payout directly reduces the company's assets, thereby impacting its stock price. In this case, Creative Media's stock is expected to open 8.5 cents lower.
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