Acuity Brands's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Acuity Brands (NYSE:AYI) announced it will pay a quarterly dividend of 13 cents per share. The ex-dividend date is Monday, meaning the stock will likely open 13 cents lower to reflect the payout. Shareholders owning AYI by the end of Friday's session are eligible for the dividend, which will be paid on August 01, 2023.
July 12, 2023 | 2:45 pm
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Acuity Brands' stock may open lower on Monday due to the ex-dividend date. The dividend payout could attract investors seeking income, potentially supporting the stock price in the longer term.
The ex-dividend date often leads to a temporary drop in a stock's price, reflecting the amount of the dividend payout. However, dividends can also attract income-seeking investors, which could support the stock price in the longer term.
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