Tuesday Is Your Last Chance To Buy Alpine Income Prop Trust Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Alpine Income Prop Trust (NYSE:PINE) has announced a quarterly dividend of 27.5 cents per share. The stock will go ex-dividend on Wednesday, 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. The dividend will be paid out on September 29, 2023.
September 08, 2023 | 2:45 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Alpine Income Prop Trust (PINE) has announced a quarterly dividend of 27.5 cents per share. The stock will go ex-dividend on Wednesday, which may cause a short-term decrease in the stock price.
The announcement of a dividend often leads to a short-term increase in the stock price as investors buy in to receive the dividend. However, once the stock goes ex-dividend, the stock price typically decreases by approximately the amount of the dividend, as the company's assets have effectively decreased by the amount of the dividend payout.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100