Friday Is Your Last Chance To Buy Great Ajax Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Great Ajax (NYSE:AJX) has announced a quarterly dividend of 20 cents per share, payable on August 31, 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 09, 2023 | 2:45 pm
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NEUTRAL IMPACT
Great Ajax's announcement of a 20 cents per share dividend may lead to increased buying before the ex-dividend date, potentially boosting the stock price in the short term. However, the stock is expected to trade lower on the ex-dividend date.
The announcement of a dividend often leads to increased buying as investors seek to qualify for the payout, potentially boosting the stock price in the short term. However, stocks typically trade lower on the ex-dividend date to reflect the payout, which could offset any short-term gains.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100