Sierra's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Sierra (NASDAQ:BSRR) has announced a quarterly dividend of 23 cents per share, which will be paid out to shareholders on November 14, 2023. The ex-dividend date is Monday, meaning the stock will likely open 23 cents lower to reflect the payout. Shareholders who own BSRR as of the end of Friday's session are eligible to receive the dividend.
October 25, 2023 | 2:45 pm
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Sierra's stock is expected to open lower on Monday due to the ex-dividend date. However, the dividend payout could attract more investors, potentially balancing the initial drop.
The ex-dividend date often leads to a temporary drop in a company's stock price, as the stock price is adjusted to reflect the payout. However, the announcement of a dividend can also attract new investors, which could potentially offset the initial drop in the stock price.
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