US Global Investors's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
US Global Investors (NASDAQ:GROW) announced it will pay a monthly dividend of 0.75 cents per share. The stock will go ex-dividend on Thursday, meaning it will likely open 0.75 cents lower. Shareholders who own GROW as of the end of Wednesday's session are eligible to receive the dividend, which will be paid out on October 23, 2023.
October 02, 2023 | 2:45 pm
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US Global Investors (GROW) will pay a monthly dividend of 0.75 cents per share. The stock will go ex-dividend on Thursday, which will likely cause the stock to open lower.
The announcement of a dividend payout typically leads to a temporary increase in the stock price as investors buy in to qualify for the dividend. However, on the ex-dividend date, the stock price usually drops by about the amount of the dividend, as the company's assets have effectively decreased by the total payout amount. In this case, GROW is expected to open lower on the ex-dividend date.
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