Allspring Inc Opps's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Allspring Inc Opps (AMEX:EAD) has announced a monthly dividend of 4.77 cents per share. The stock will go ex-dividend on Monday, meaning it will trade lower to reflect the payout. Shareholders who own EAD as of the end of Friday's session are eligible to receive the dividend, which will be paid out on October 02, 2023.
September 06, 2023 | 2:45 pm
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Allspring Inc Opps (AMEX:EAD) has announced a monthly dividend of 4.77 cents per share. The stock will go ex-dividend on Monday, which will likely cause the stock to open lower.
The announcement of a dividend typically leads to a short-term increase in the stock price as investors buy in to receive the dividend. However, on the ex-dividend date, the stock price typically drops by the amount of the dividend as the company's assets decrease by the amount of the dividend payout. Therefore, it is expected that the stock price of EAD will drop in the short term.
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