GFL Environmental: Dividend Insights
Portfolio Pulse from Benzinga Insights
GFL Environmental (NYSE:GFL) has announced a quarterly dividend of 1.3 cents per share. The stock will go ex-dividend on Friday, meaning it will trade lower to reflect the payout. Shareholders owning the stock prior to the ex-dividend date are eligible for the dividend, which will be paid out on July 31, 2023.
July 11, 2023 | 2:45 pm
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GFL Environmental's stock is expected to trade lower on Friday due to the ex-dividend date. The dividend payout may attract investors looking for income, potentially increasing demand for the stock.
The ex-dividend date typically results in a decrease in the stock price equivalent to the dividend amount. However, the announcement of a dividend can also attract new investors looking for income, potentially offsetting the price decrease.
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