Friday Is Your Last Chance To Buy Sandstorm Gold Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Sandstorm Gold (NYSE:SAND) has announced a quarterly dividend of 2 cents per share. The stock will go ex-dividend on Monday, 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 27, 2023.
October 11, 2023 | 2:45 pm
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Sandstorm Gold's stock may trade lower on Monday due to the ex-dividend status. However, the dividend payout could attract more investors.
The announcement of a dividend payout usually attracts investors who are interested in earning passive income. However, the stock price typically drops by the amount of the dividend on the ex-dividend date. Therefore, the short-term impact on the stock price is neutral.
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