First Majestic Silver: Dividend Insights
Portfolio Pulse from Benzinga Insights
First Majestic Silver (NYSE:AG) has announced a quarterly dividend of 0.51 cents per share. The stock will go ex-dividend on Tuesday, meaning it will trade lower to reflect the payout. Shareholders who own AG as of the end of Monday's session are eligible to receive the dividend, which will be paid out on August 31, 2023.
August 10, 2023 | 2:45 pm
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NEUTRAL IMPACT
First Majestic Silver's announcement of a 0.51 cents per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend. However, this could attract dividend investors, potentially stabilizing the price.
When a stock goes ex-dividend, it typically trades lower to reflect the payout, which could lead to a short-term decrease in First Majestic Silver's stock price. However, the announcement of a dividend can attract dividend investors, which could help stabilize the price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100