Wednesday Is Your Last Chance To Buy Blackstone Senior Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Blackstone Senior (NYSE:BSL) has announced a monthly dividend of 11.9 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 September 29, 2023.
September 18, 2023 | 2:45 pm
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Blackstone Senior's stock is expected to trade lower on Thursday due to the dividend payout. However, this is a regular occurrence and does not reflect negatively on the company's performance.
When a company goes ex-dividend, the stock price typically drops by the amount of the dividend to account for the payout. This is a standard market mechanism and does not indicate a problem with the company's performance. However, it does mean that the stock price will likely be lower in the short term.
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