Equity Residential: Dividend Insights
Portfolio Pulse from Benzinga Insights
Equity Residential (NYSE:EQR) has announced a quarterly dividend of 66.25 cents per share. The stock will go ex-dividend on Monday, meaning it will trade lower to reflect the payout. Shareholders who own EQR as of the end of Friday's session are eligible to receive the dividend, which will be paid out on October 13, 2023.
September 20, 2023 | 2:45 pm
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Equity Residential's announcement of a 66.25 cents per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend on Monday.
When a stock goes ex-dividend, it typically trades lower to reflect the payout. As such, Equity Residential's stock price is expected to decrease in the short term. However, the dividend payout could be seen as a positive sign of the company's profitability and could attract income-focused investors in the long term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100