XAI Octagon FR & Alt Inc's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
XAI Octagon FR & Alt Inc (NYSE:XFLT) has announced a monthly 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 owning XFLT as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on August 01, 2023.
July 11, 2023 | 2:46 pm
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XAI Octagon FR & Alt 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 stabilizing the price.
When a company announces a dividend, the stock price typically decreases by the amount of the dividend on the ex-dividend date. This is because new buyers will not receive the dividend. However, the announcement of a dividend can also attract new investors, which could stabilize the stock price.
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