Omega Healthcare Invts's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Omega Healthcare Invts (NYSE:OHI) announced it will pay a quarterly dividend of 67 cents per share. The stock will go ex-dividend on Monday, meaning it will likely open 67 cents lower. Shareholders owning OHI as of the end of Friday's session are eligible for the dividend payout. The dividend will be paid out on November 15, 2023.
October 25, 2023 | 2:45 pm
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Omega Healthcare Invts (OHI) will pay a quarterly dividend of 67 cents per share. The stock will go ex-dividend on Monday, which may cause a temporary drop in the stock price.
The announcement of a dividend payout often leads to a temporary increase in the stock price as investors buy in to receive the dividend. However, once the stock goes ex-dividend, the stock price typically drops by the amount of the dividend as the company's retained earnings decrease. In this case, OHI's stock price is expected to drop temporarily by 67 cents per share on Monday.
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