Thursday Is Your Last Chance To Buy AllianceBernstein Holding Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
AllianceBernstein Holding (NYSE:AB) has announced a quarterly dividend of 61 cents per share. The stock will go ex-dividend on Friday, meaning it will likely open 61 cents lower. Shareholders owning AB by the end of Thursday's session will be eligible for the dividend, which will be paid out on August 17, 2023.
August 04, 2023 | 9:17 am
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AllianceBernstein's announcement of a 61 cents per share dividend may lead to increased buying before the ex-dividend date, potentially boosting the stock price in the short term.
The announcement of a dividend often leads to increased buying activity as investors seek to qualify for the payout. This can boost the stock price in the short term. However, the stock will likely open lower on the ex-dividend date as it will be adjusted to reflect the payout.
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