Barings BDC's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Barings BDC (NYSE:BBDC) has announced a quarterly dividend of 26 cents per share. The ex-dividend date is Tuesday, meaning the stock will likely open 26 cents lower to reflect the payout. Shareholders who own BBDC as of the end of Monday's session are eligible to receive the dividend, which will be paid out on September 13, 2023.
August 31, 2023 | 2:45 pm
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Barings BDC's stock price is expected to open lower on Tuesday due to the dividend payout. However, this is a regular occurrence on ex-dividend dates and does not reflect negatively on the company's performance.
When a company announces a dividend, the stock price typically decreases by approximately the amount of the dividend on the ex-dividend date. This is because new buyers of the stock will not receive the dividend. However, this is a standard market mechanism and does not indicate any underlying issues with the company.
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