Thursday Is Your Last Chance To Buy Industrial Logistics Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Industrial Logistics (NASDAQ:ILPT) 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 who own ILPT as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on November 16, 2023.
October 17, 2023 | 2:45 pm
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NEGATIVE IMPACT
Industrial Logistics (NASDAQ:ILPT) will pay a quarterly dividend of 1 cent per share. The stock will likely trade lower on Friday to reflect the payout.
The announcement of a dividend payout typically leads to a short-term increase in the stock price as investors buy in to qualify for the dividend. However, the stock price often drops on the ex-dividend date to reflect the payout, which is why the score is -1. The relevance is 100 as the news is directly about ILPT. The importance is 80 as dividends are a significant aspect of investment returns. The confidence is 90 as this is a common market behavior.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100