RPT Realty's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
RPT Realty (NYSE:RPT) has announced a quarterly dividend of 14 cents per share. The ex-dividend date is Tuesday, meaning the stock will likely open 14 cents lower to reflect the payout. Shareholders who own RPT as of the end of Monday's session are eligible to receive the dividend, which will be paid out on October 02, 2023.
September 14, 2023 | 2:45 pm
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RPT Realty's stock price is expected to open lower on Tuesday due to the ex-dividend date. The dividend payout could attract more investors, potentially increasing the stock's demand in the long term.
The ex-dividend date typically results in a decrease in the stock price equivalent to the dividend amount, as the stock will trade lower to reflect the payout. However, the announcement of a dividend can be attractive to investors seeking income, potentially increasing demand for the stock in the long term.
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