Allspring Utilities's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Allspring Utilities (AMEX:ERH) has announced a monthly dividend of 6.89 cents per share. The ex-dividend date is Monday, meaning the stock will likely open 6.89 cents lower to reflect the payout. Shareholders owning ERH as of the end of Friday's session are eligible for the dividend, which will be paid out on October 02, 2023.
September 06, 2023 | 2:45 pm
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Allspring Utilities' stock is expected to open lower on Monday due to the dividend payout. However, this is a regular occurrence and does not reflect negatively on the company's performance.
The stock price is expected to decrease by the amount of the dividend on the ex-dividend date. This is a standard practice and does not indicate any issues with the company's performance. Investors who own the stock before the ex-dividend date will receive the dividend, providing them with a return on their investment.
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