AZZ's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
AZZ Inc. (NYSE:AZZ) has announced a quarterly dividend of 17 cents per share. The ex-dividend date is Tuesday, meaning the stock will likely open 17 cents lower to reflect the payout. Shareholders who own AZZ as of the end of Monday's session are eligible to receive the dividend, which will be paid out on July 26, 2023.
July 06, 2023 | 2:45 pm
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AZZ's stock price is expected to open lower on Tuesday due to the ex-dividend date. The dividend payout could attract more investors, potentially leading to a rise in the stock price over the long term.
The ex-dividend date typically results in a decrease in the stock price equivalent to the dividend amount, as the stock will trade lower to reflect the payout. However, the announcement of a dividend can also be a positive signal to investors, potentially leading to increased demand for the stock over the long term.
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