Tuesday Is Your Last Chance To Buy ABM Indus Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
ABM Indus (NYSE:ABM) has announced a quarterly dividend of 22 cents per share. Tuesday is the last day for investors to own the stock and be eligible for the dividend. The stock will go ex-dividend on Wednesday, likely opening 22 cents lower. The dividend will be paid out to shareholders on November 06, 2023.
September 29, 2023 | 2:45 pm
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ABM Indus is paying a 22 cents per share dividend. The stock will likely open lower on the ex-dividend date, which is Wednesday.
The announcement of a dividend payout usually leads to an increase in stock price as investors buy in to receive the dividend. However, on the ex-dividend date, the stock price typically drops by about the amount of the dividend, as the company's value has decreased by the amount paid out in dividends. In this case, ABM Indus' stock is expected to open lower on Wednesday, the ex-dividend date.
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