Tuesday Is Your Last Chance To Buy Flex LNG Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Flex LNG (NYSE:FLNG) has announced a quarterly dividend of 75 cents per share, which will be paid out to shareholders on September 5, 2023. The stock will go ex-dividend on Wednesday, meaning it will trade lower to reflect the payout. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend.
August 25, 2023 | 2:45 pm
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Flex LNG's announcement of a 75 cents per share dividend may lead to increased buying before the ex-dividend date, potentially boosting the stock price in the short term. However, the stock is expected to trade lower post the ex-dividend date.
Dividend announcements often lead to increased buying activity as investors try to qualify for the dividend, potentially boosting the stock price in the short term. However, stocks typically trade lower after the ex-dividend date as the price adjusts to reflect the payout.
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