Sierra's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Sierra (NASDAQ:BSRR) has announced that it will pay shareholders a quarterly dividend of 23 cents per share. The ex-dividend date is Friday, meaning the stock will likely open 23 cents lower to reflect the payout. Shareholders who own BSRR as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on August 14, 2023.
July 25, 2023 | 2:45 pm
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Sierra's announcement of a 23 cents per share dividend payout may lead to a short-term decrease in the stock price due to the ex-dividend date effect. However, the dividend payout could be a positive signal to investors about the company's profitability.
The ex-dividend date is the deadline to buy a stock and still receive the declared dividend. On this date, the stock price typically drops by about the amount of the dividend to account for the payout. This could lead to a short-term decrease in Sierra's stock price. However, the dividend payout could also be interpreted as a positive signal about the company's profitability, which could attract investors in the long run.
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