Alamo Group: Dividend Insights
Portfolio Pulse from Benzinga Insights
Alamo Group (NYSE:ALG) has announced a quarterly dividend of 22 cents per share, payable on August 01, 2023. The stock will go ex-dividend on Monday, meaning it will trade lower to reflect the payout. Shareholders owning the stock by the end of Friday's session will be eligible for the dividend.
July 12, 2023 | 2:45 pm
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NEUTRAL IMPACT
Alamo Group's dividend announcement may lead to a short-term decrease in the stock price as it goes ex-dividend. However, the dividend payout could attract more investors, potentially leading to a price increase in the long run.
When a stock goes ex-dividend, it typically trades lower to reflect the payout, which could lead to a short-term decrease in Alamo Group's stock price. However, the dividend payout could make the stock more attractive to income-focused investors, potentially leading to a price increase in the long run.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100