Tuesday Is Your Last Chance To Buy CTO Realty Growth Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
CTO Realty Growth (NYSE:CTO) has announced a quarterly dividend of 38 cents per share, which will be paid out to shareholders on September 29, 2023. The stock will go ex-dividend on Wednesday, meaning it will trade lower to reflect the payout. Tuesday is the last day for investors to buy the stock and be eligible for the dividend.
September 08, 2023 | 2:45 pm
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CTO Realty Growth's dividend announcement may lead to increased buying pressure before the ex-dividend date, potentially boosting the stock price in the short term.
Dividend announcements often lead to increased buying pressure as investors seek to qualify for the payout. This can boost the stock price in the short term. However, the stock will likely open lower on the ex-dividend date to reflect the payout.
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