Thursday Is Your Last Chance To Buy Assurant Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Assurant (NYSE:AIZ) has announced a quarterly dividend of 70 cents per share. The stock will go ex-dividend on Friday, meaning it will likely open 70 cents lower than usual. Shareholders who own AIZ as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on September 18, 2023.
August 22, 2023 | 2:45 pm
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Assurant's stock will likely open lower on Friday due to the ex-dividend status. However, shareholders as of Thursday's close will receive a 70 cents per share dividend on September 18, 2023.
The announcement of the dividend payout and the ex-dividend date directly impacts Assurant's stock. The stock is expected to open lower on the ex-dividend date, which could lead to short-term selling pressure. However, the dividend payout is a positive for current shareholders.
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