Monday Is Your Last Chance To Buy Pinnacle West Capital Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Pinnacle West Capital (NYSE:PNW) has announced a quarterly dividend of 88 cents per share, payable on December 01, 2023. The stock will go ex-dividend on Tuesday, 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.
October 26, 2023 | 2:45 pm
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Pinnacle West Capital's announcement of a quarterly dividend of 88 cents per share may lead to increased buying activity before the ex-dividend date, potentially boosting the stock price in the short term.
Dividend announcements often lead to increased buying activity as investors seek to qualify for the dividend payout. This can boost the stock price in the short term. However, the stock will likely open lower on the ex-dividend date to reflect the payout.
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