Presidio Property Trust: Dividend Insights
Portfolio Pulse from Benzinga Insights
Presidio Property Trust (NASDAQ:SQFT) has announced a quarterly dividend of 2.3 cents per share. The stock will go ex-dividend on Thursday, meaning it will likely open 2.3 cents lower. Shareholders owning SQFT by the end of Wednesday's session will be eligible for the dividend, which will be paid out on October 11, 2023.

October 02, 2023 | 2:45 pm
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Presidio Property Trust's announcement of a 2.3 cents per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend. However, this is a regular part of the dividend process and not a reflection of the company's performance.
When a stock goes ex-dividend, it typically trades lower to reflect the payout, which can lead to a short-term decrease in the stock price. However, this is a normal part of the dividend process and does not reflect negatively on the company's performance. Investors who hold the stock until the ex-dividend date will receive the dividend, providing them with income or additional investment capital if they choose to reinvest.
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