Wednesday Is Your Last Chance To Buy Park City Gr Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Park City Gr (NASDAQ:PCYG) has announced a quarterly dividend of 1.5 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 November 01, 2023.
September 25, 2023 | 2:45 pm
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Park City Gr has announced a quarterly dividend of 1.5 cents per share. The stock will likely open lower on the ex-dividend date, which is Thursday.
The announcement of a dividend typically leads to a temporary increase in the stock price as investors buy in to qualify for the payout. However, the stock price usually drops on the ex-dividend date to reflect the payout. Therefore, the short-term impact on PCYG's stock price is likely to be negative.
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