Phillips Edison's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Phillips Edison (NASDAQ:PECO) announced it will pay a monthly dividend of 9.33 cents per share. The stock will go ex-dividend on Thursday, meaning it will trade lower to reflect the payout. Shareholders owning PECO by the end of Wednesday's session are eligible for the dividend, which will be paid out on September 01, 2023.
August 14, 2023 | 2:45 pm
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Phillips Edison's stock will likely open lower on Thursday due to the ex-dividend date. The dividend payout may attract investors, potentially increasing demand for the stock before the ex-dividend date.
The ex-dividend date often leads to a decrease in a stock's price as it adjusts to reflect the upcoming dividend payout. However, the announcement of a dividend can also attract investors, potentially increasing demand for the stock before the ex-dividend date.
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