Friday Is Your Last Chance To Buy Archrock Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Archrock (NYSE:AROC) has announced a quarterly dividend of 15.5 cents per share, payable on August 15, 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 | 11:30 am
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Archrock's announcement of a 15.5 cents per share dividend may attract investors looking for income, potentially driving up 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 drive up demand for the stock. However, stocks typically trade lower on the ex-dividend date to reflect the payout, which could offset any short-term gains.
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