Allspring Multi-Sector's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Allspring Multi-Sector (AMEX:ERC) has announced a monthly dividend of 6.51 cents per share. The stock will go ex-dividend on Monday, meaning it will trade lower to reflect the payout. Shareholders owning the stock prior to the ex-dividend date are eligible for the dividend. The dividend will be paid out on October 02, 2023.
September 06, 2023 | 2:45 pm
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Allspring Multi-Sector's stock will likely trade lower on Monday due to the ex-dividend date. The dividend payout may attract investors looking for income, potentially increasing demand for the stock.
The ex-dividend date often leads to a temporary decrease in a stock's price as it adjusts to reflect the upcoming dividend payout. However, the announcement of a dividend can also attract new investors looking for income, potentially offsetting the price decrease.
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