Monday Is Your Last Chance To Buy Albertsons Companies Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Albertsons Companies (NYSE:ACI) has announced a quarterly dividend of 12 cents per share. The stock will go ex-dividend on Tuesday, 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 August 10, 2023.
July 20, 2023 | 2:45 pm
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Albertsons Companies (NYSE:ACI) has announced a quarterly dividend of 12 cents per share. The stock will go ex-dividend on Tuesday, which may cause the stock price to open lower.
The announcement of a dividend often leads to a temporary increase in the stock price as investors buy in to receive the dividend. However, the stock price typically drops on the ex-dividend date to reflect the payout, which is why the score is -1.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100