Thursday Is Your Last Chance To Buy Diversified Healthcare Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Diversified Healthcare (NASDAQ:DHC) has announced a quarterly dividend of 1 cent per share. The stock will go ex-dividend on Friday, 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 November 16, 2023.
October 17, 2023 | 2:45 pm
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Diversified Healthcare's announcement of a 1 cent per share dividend may lead to increased buying activity before the ex-dividend date, potentially boosting the stock price in the short term.
Dividend announcements often lead to increased buying activity as investors seek to qualify for the dividend payout. This can boost the stock price in the short term. However, the stock price typically drops by the amount of the dividend on the ex-dividend date.
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