Wednesday Is Your Last Chance To Buy Creative Media Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Creative Media (NASDAQ:CMCT) has announced a quarterly dividend of 8.5 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 October 23, 2023.
October 02, 2023 | 2:45 pm
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Creative Media's stock will likely trade lower on Thursday due to the ex-dividend date. The dividend payout may attract investors, potentially increasing demand for the stock before the ex-dividend date.
The announcement of a dividend payout often attracts investors who want to benefit from the payout, potentially increasing the demand for the stock before the ex-dividend date. However, on the ex-dividend date, the stock price typically drops by the amount of the dividend, as the company's assets have effectively decreased by the amount of the payout.
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