Armada Hoffler Properties's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Armada Hoffler Properties (NYSE:AHH) announced it will pay a quarterly dividend of 19.5 cents per share. The stock will go ex-dividend on Tuesday, meaning it will trade lower to reflect the payout. Shareholders owning AHH as of the end of Monday's session are eligible to receive the dividend, which will be paid out on October 05, 2023.
September 21, 2023 | 2:45 pm
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Armada Hoffler Properties (AHH) will pay a quarterly dividend of 19.5 cents per share. The stock will go ex-dividend on Tuesday, potentially leading to a short-term decrease in the stock price.
The announcement of a dividend payout often leads to a short-term increase in the stock price as investors buy in to receive the dividend. However, once the stock goes ex-dividend, the price typically decreases by approximately the amount of the dividend, as the company's assets have effectively decreased by the amount of the payout. In this case, AHH's stock price is likely to decrease in the short term after it goes ex-dividend on Tuesday.
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