Columbia Seligman's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Columbia Seligman (NYSE:STK) has announced a quarterly dividend of 46.25 cents per share, payable on August 22, 2023. The ex-dividend date is Friday, meaning the stock will likely open 46.25 cents lower to reflect the payout. Shareholders owning STK as of the end of Thursday's session are eligible for the dividend.
August 08, 2023 | 2:45 pm
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Columbia Seligman's dividend announcement may lead to a short-term decrease in the stock price due to the ex-dividend date effect.
When a company announces a dividend, the stock price typically decreases by approximately the amount of the dividend on the ex-dividend date. This is because new buyers of the stock will not receive the dividend. In this case, Columbia Seligman's stock price is expected to decrease by 46.25 cents on the ex-dividend date.
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