Monday Is Your Last Chance To Buy Elme Communities Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Elme Communities (NYSE:ELME) has announced a quarterly dividend of 18 cents per share, payable on October 04, 2023. The stock will go ex-dividend on Tuesday, 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 14, 2023 | 2:45 pm
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Elme Communities' stock will likely open lower on Tuesday due to the ex-dividend date. However, the dividend payout could attract investors, potentially increasing demand for the stock.
The ex-dividend date often leads to a temporary drop in a stock's price as it adjusts to reflect the payout. However, the announcement of a dividend can also attract investors looking for income, potentially increasing demand for the stock.
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