Aberdeen Glb Dynamic Div: Dividend Insights
Portfolio Pulse from Benzinga Insights
Aberdeen Glb Dynamic Div (NYSE:AGD) has announced a monthly dividend of 6.5 cents per share. The stock will go ex-dividend on Monday, meaning it will trade lower to reflect the payout. Shareholders who own AGD as of the end of Friday's session are eligible to receive the dividend, which will be paid out on October 31, 2023.
October 18, 2023 | 2:45 pm
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Aberdeen Glb Dynamic Div (NYSE:AGD) has announced a monthly dividend of 6.5 cents per share. The stock will go ex-dividend on Monday, which will likely cause the stock to open lower.
The announcement of a dividend typically leads to a short-term increase in the stock price as investors buy in to receive the dividend. However, once the stock goes ex-dividend, the stock price typically decreases by the amount of the dividend as the company's assets have effectively decreased by the amount of the dividend payout.
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