Alcoa: Dividend Insights
Portfolio Pulse from Benzinga Insights
Alcoa (NYSE:AA) has announced a quarterly dividend of 10 cents per share, which will be paid out to shareholders on November 17, 2023. The stock will go ex-dividend on Monday, meaning it will likely open 10 cents lower. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend.
October 25, 2023 | 2:45 pm
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NEUTRAL IMPACT
Alcoa's announcement of a 10 cents per share dividend may attract investors looking for income, potentially boosting the stock's price in the short term. However, the stock is expected to open lower on the ex-dividend date.
Dividend announcements often attract income-focused investors, which can boost a stock's price. However, stocks typically open lower on the ex-dividend date as they are adjusted to reflect the payout. This could offset any short-term gains.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100