SL Green Realty's Ex-Dividend Date Is Wednesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
SL Green Realty (NYSE:SLG) has announced a monthly dividend of 27.08 cents per share. The stock will go ex-dividend on Wednesday, meaning it will trade lower to reflect the payout. Shareholders who own SLG as of the end of Tuesday's session are eligible to receive the dividend, which will be paid out on September 15, 2023.
August 25, 2023 | 2:45 pm
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SL Green Realty's stock is expected to trade lower on Wednesday due to the ex-dividend date. The dividend will be paid out on September 15, 2023.
The stock is expected to trade lower on the ex-dividend date as the price will adjust to reflect the dividend payout. This is a common occurrence in the stock market. The dividend payout is a positive for shareholders, but the short-term impact on the stock price is typically negative.
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