Algonquin Power: Dividend Insights
Portfolio Pulse from Benzinga Insights
Algonquin Power (NYSE:AQN) has announced a quarterly dividend of 10.85 cents per share. The stock will go ex-dividend on Wednesday, meaning it will likely open 10.85 cents lower. Shareholders who own AQN as of the end of Tuesday's session will be eligible for the dividend, which will be paid out on October 13, 2023.
September 22, 2023 | 2:45 pm
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Algonquin Power's announcement of a 10.85 cents per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend. However, this is a regular part of the dividend process and not a reflection of the company's performance.
When a stock goes ex-dividend, it typically opens lower on the ex-dividend date to reflect the payout. This is a standard part of the dividend process and does not reflect negatively on the company's performance. However, it can lead to a short-term decrease in the stock price.
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