Thursday Is Your Last Chance To Buy SJW Gr Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
SJW Gr (NYSE:SJW) has announced a quarterly dividend of 38 cents per share, payable on September 01, 2023. The stock will go ex-dividend on Friday, 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.
August 04, 2023 | 9:16 am
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SJW Gr's announcement of a 38 cents per share dividend may attract investors looking for dividend income, potentially increasing demand for the stock in the short term. However, the stock is expected to trade lower on the ex-dividend date.
Dividend announcements often attract investors looking for income, which can increase demand for the stock. However, stocks typically trade lower on the ex-dividend date as they are adjusted to reflect the payout. This could lead to short-term price volatility.
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