Apple Hospitality REIT's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Apple Hospitality REIT (NYSE:APLE) has announced a monthly dividend of 8 cents per share. The stock will go ex-dividend on Thursday, meaning it will likely open 8 cents lower. Shareholders who own APLE as of the end of Wednesday's session are eligible to receive the dividend, which will be paid out on October 16, 2023.
September 25, 2023 | 2:45 pm
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Apple Hospitality REIT's announcement of an 8 cents per share dividend may cause the stock to open lower on the ex-dividend date, Thursday.
Dividend payouts typically cause a stock's price to decrease by roughly the same amount of the dividend on the ex-dividend date. In this case, APLE's stock price is expected to open 8 cents lower on Thursday.
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