Friday Is Your Last Chance To Buy Air Lease Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Air Lease (NYSE:AL) has announced a quarterly dividend of 20 cents per share, payable on October 06, 2023. The stock will go ex-dividend on Monday, meaning it will trade lower to reflect the payout. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend.
September 06, 2023 | 2:45 pm
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Air Lease's announcement of a 20 cents per share dividend may lead to increased buying before the ex-dividend date, potentially boosting the stock price in the short term. However, the stock is expected to open lower on the ex-dividend date.
Dividend announcements often lead to increased buying as investors seek to qualify for the payout, potentially boosting the stock price. However, stocks typically open lower on the ex-dividend date to reflect the payout, which could offset any short-term gains.
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