Friday Is Your Last Chance To Buy Alcoa Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Alcoa (NYSE:AA) has announced a quarterly dividend of 10 cents per share, payable on August 24, 2023. The stock will go ex-dividend on Monday, 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 | 11:29 am
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Alcoa's announcement of a 10 cents per share dividend may attract investors looking for income, potentially boosting the stock price in the short term. However, the stock will trade lower on the ex-dividend date.
Dividend announcements often attract income-focused investors, which can boost the stock price. However, stocks typically trade lower on the ex-dividend date as the value of the upcoming dividend is no longer included in the stock price.
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