Thursday Is Your Last Chance To Buy Global Indemnity Group Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Global Indemnity Group (NYSE:GBLI) has announced a quarterly dividend of 25 cents per share. The stock will go ex-dividend on Friday, meaning it will likely open 25 cents lower. Shareholders who own GBLI as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on October 16, 2023.
October 03, 2023 | 2:45 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Global Indemnity Group's announcement of a 25 cents per share dividend may cause the stock to open lower on the ex-dividend date. The dividend will be paid out on October 16, 2023.
The announcement of a dividend often leads to a decrease in the stock price equivalent to the dividend amount on the ex-dividend date. In this case, GBLI's stock price is expected to open 25 cents lower on the ex-dividend date. However, this is a common occurrence and does not necessarily indicate a negative outlook for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100