Friday Is Your Last Chance To Buy Sandstorm Gold Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Sandstorm Gold (NYSE:SAND) has announced a quarterly dividend of 2 cents per share. The stock will go ex-dividend on Monday, meaning it will trade lower to reflect the payout. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend. The dividend will be paid out on July 28, 2023.
July 12, 2023 | 2:45 pm
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Sandstorm Gold's announcement of a 2 cents per share dividend may lead to increased buying before the ex-dividend date, but the stock is expected to trade lower on Monday.
The announcement of a dividend often leads to increased buying as investors seek to qualify for the payout. However, stocks typically trade lower on the ex-dividend date as the price adjusts to reflect the payout. Therefore, while there may be short-term buying pressure, the stock is expected to trade lower on Monday.
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