Thursday Is Your Last Chance To Buy Ubiquiti Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Ubiquiti (NYSE:UI) has announced a quarterly dividend of 60 cents per share, which will be paid out to shareholders on September 11, 2023. To be eligible for this dividend, shareholders must own the stock prior to the ex-dividend date, which is this Friday. The stock will likely open 60 cents lower on Friday to reflect the payout.
August 29, 2023 | 2:45 pm
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Ubiquiti's announcement of a 60 cents per share dividend may attract investors looking for income, potentially driving up the stock price in the short term. However, the stock is expected to open lower on the ex-dividend date.
Dividend announcements often attract investors looking for income, which can drive up the stock price. However, stocks typically open lower on the ex-dividend date to reflect the payout, which could offset any short-term gains.
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