Artesian Resources's Ex-Dividend Date Is Wednesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Artesian Resources (NASDAQ:ARTNA) announced it will pay a quarterly dividend of 28.4 cents per share. The stock will go ex-dividend on Wednesday, meaning it will likely open 28.4 cents lower. Shareholders owning ARTNA as of the end of Tuesday's session are eligible for the dividend, which will be paid out on August 25, 2023.
August 11, 2023 | 2:45 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Artesian Resources will pay a quarterly dividend of 28.4 cents per share. The stock will go ex-dividend on Wednesday, which may cause the stock to open lower.
The announcement of a dividend payout often leads to a temporary increase in the stock price as investors buy in to receive the dividend. However, the stock price typically drops on the ex-dividend date by an amount roughly equal to the dividend paid. In this case, Artesian Resources' stock is expected to open 28.4 cents lower on the ex-dividend date.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100