Albany Intl's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Albany Intl (NYSE:AIN) has announced a quarterly dividend of 25 cents per share. The ex-dividend date is Friday, meaning the stock will likely open 25 cents lower to reflect the payout. Shareholders who own AIN as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on October 06, 2023.
August 29, 2023 | 2:45 pm
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Albany Intl's stock is likely to open lower on the ex-dividend date due to the payout of a 25 cents per share dividend. The dividend will be paid out to eligible shareholders on October 06, 2023.
The announcement of a dividend often leads to a decrease in the stock price on the ex-dividend date, reflecting the amount of the dividend to be paid out. In this case, Albany Intl's stock is expected to open 25 cents lower on the ex-dividend date. Shareholders who own the stock prior to the ex-dividend date are eligible for the dividend, which will be paid out on October 06, 2023.
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