New America High Inc's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
New America High Inc (NYSE:HYB) has announced a monthly dividend of 4 cents per share. The ex-dividend date is Friday, meaning the stock will likely open 4 cents lower to reflect the payout. Shareholders who own HYB as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on July 31, 2023.
July 11, 2023 | 2:46 pm
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NEUTRAL IMPACT
New America High Inc's dividend announcement may lead to a short-term decrease in the stock price due to the ex-dividend date. However, the dividend payout could attract more investors, potentially leading to a price increase in the long run.
The ex-dividend date often leads to a short-term decrease in the stock price as the stock trades lower to reflect the payout. However, the announcement of a dividend can be attractive to investors seeking income, potentially leading to increased demand for the stock and a price increase in the long run.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100