Monday Is Your Last Chance To Buy Hannon Armstrong Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Hannon Armstrong (NYSE:HASI) has announced a quarterly dividend of 39.5 cents per share. To be eligible for the dividend, shareholders must own the stock before the ex-dividend date, which is Tuesday. The dividend will be paid out on October 11, 2023.
September 28, 2023 | 2:45 pm
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Hannon Armstrong's stock may trade lower on Tuesday to reflect the dividend payout. The dividend could also incentivize investors to buy the stock before the ex-dividend date.
The announcement of a dividend often leads to a short-term increase in stock price as investors buy in to be eligible for the payout. However, the stock price typically decreases on the ex-dividend date to reflect the payout. The net effect on the stock price is uncertain.
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