Friday Is Your Last Chance To Buy UDR Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
UDR (NYSE:UDR) has announced a quarterly dividend of 42 cents per share, payable on October 31, 2023. The stock will go ex-dividend on Monday, meaning it will likely open 42 cents lower. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend.
October 04, 2023 | 2:46 pm
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UDR's announcement of a 42 cents per share dividend may attract investors looking for income, potentially driving up demand for the stock in the short term. However, the stock is expected to open lower on the ex-dividend date.
Dividend announcements often attract income-focused investors, which could increase demand for UDR's stock. However, stocks typically open lower on the ex-dividend date to reflect the payout, which could put downward pressure on UDR's stock price in the short term.
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