Apple Hospitality REIT: Dividend Insights
Portfolio Pulse from Benzinga Insights
Apple Hospitality REIT (NYSE:APLE) has announced a monthly dividend of 8 cents per share. The stock will go ex-dividend on Wednesday, meaning it will likely open 8 cents lower to reflect the payout. Shareholders who own APLE as of the end of Tuesday's session will be eligible for the dividend, which will be paid out on September 15, 2023.
August 25, 2023 | 2:45 pm
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Apple Hospitality REIT's announcement of an 8 cents per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend. However, this is a regular part of the dividend process and not necessarily indicative of the company's overall performance.
When a stock goes ex-dividend, it typically opens lower on the ex-dividend date to reflect the payout. This is a normal part of the dividend process and does not necessarily reflect negatively on the company's overall performance. However, it can lead to short-term price volatility.
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