Gerdau's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Gerdau (NYSE:GGB) has announced a quarterly dividend of 8.78 cents per share, which will be paid out to shareholders on September 06, 2023. The ex-dividend date is Monday, meaning the stock will likely open 8.78 cents lower to reflect the payout. Shareholders who own GGB as of the end of Friday's session are eligible to receive the dividend.
August 16, 2023 | 2:45 pm
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Gerdau's stock will likely open lower on Monday due to the ex-dividend date. However, the dividend payout could attract more investors, potentially balancing the short-term impact.
The ex-dividend date typically results in a decrease in the stock's price equivalent to the dividend amount. However, the announcement of a dividend can also attract new investors, which could offset the initial drop.
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