Wednesday Is Your Last Chance To Buy Phillips Edison Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Phillips Edison (NASDAQ:PECO) announced it will pay shareholders a monthly dividend of 9.75 cents per share. The stock will go ex-dividend on Thursday, 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 October 02, 2023.
September 11, 2023 | 2:45 pm
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Phillips Edison's announcement of a 9.75 cents per share dividend may lead to increased buying before the ex-dividend date, potentially boosting the stock price. However, the stock is expected to trade lower on the ex-dividend date.
The announcement of a dividend often leads to increased buying as investors seek to qualify for the payout, potentially boosting the stock price. However, stocks typically trade lower on the ex-dividend date to reflect the payout, which could offset any short-term gains.
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