AdvanSix's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
AdvanSix (NYSE:ASIX) has announced a quarterly dividend of 16 cents per share. The ex-dividend date is Monday, meaning the stock will likely trade lower to reflect the payout. Shareholders who own ASIX as of the end of Friday's session are eligible to receive the dividend, which will be paid out on August 29, 2023.
August 09, 2023 | 2:45 pm
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AdvanSix's stock is likely to trade lower on Monday due to the ex-dividend date. The dividend payout may attract investors looking for income, potentially increasing demand for the stock in the longer term.
The ex-dividend date is the date when the stock price is adjusted downwards to reflect the dividend payout. This typically results in a short-term decrease in the stock price. However, the announcement of a dividend can make the stock more attractive to income-focused investors, potentially increasing demand for the stock in the longer term.
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