Clipper Realty's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Clipper Realty (NYSE:CLPR) has announced a quarterly dividend of 9.5 cents per share. The ex-dividend date is Monday, meaning the stock will likely open 9.5 cents lower to reflect the payout. Shareholders who own CLPR as of the end of Friday's session are eligible to receive the dividend, which will be paid out on August 23, 2023.
August 09, 2023 | 2:45 pm
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Clipper Realty's stock price is expected to open lower on Monday due to the ex-dividend date. The dividend will be paid out on August 23, 2023.
The ex-dividend date is the date when the stock price is adjusted downwards to reflect the dividend payout. As Clipper Realty has announced a dividend, the stock price is expected to open lower on the ex-dividend date, which is Monday. This is a common occurrence and does not reflect negatively on the company's performance. The dividend will be paid out to eligible shareholders on August 23, 2023.
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