Friday Is Your Last Chance To Buy Aberdeen Asia-pacific Inc Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Aberdeen Asia-pacific Inc (AMEX:FAX) has announced a monthly dividend of 2.75 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 31, 2023.
October 18, 2023 | 2:45 pm
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Aberdeen Asia-pacific Inc (FAX) will pay a dividend of 2.75 cents per share. The stock will go ex-dividend on Monday, which may cause a short-term drop in the stock price.
The announcement of a dividend often leads to a short-term increase in stock price as investors buy in to receive the dividend. However, the stock price typically drops on the ex-dividend date to reflect the payout. Therefore, FAX's stock price may experience a short-term drop on Monday.
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