Ameriprise Finl's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Ameriprise Finl (NYSE:AMP) has announced a quarterly dividend of $1.35 per share. The ex-dividend date is Friday, meaning the stock will likely open $1.35 lower to reflect the payout. Shareholders owning AMP by the end of Thursday's session are eligible for the dividend, which will be paid out on November 17, 2023.
October 31, 2023 | 2:45 pm
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Ameriprise Finl's announcement of a $1.35 per share dividend may lead to a short-term decrease in the stock price due to the ex-dividend date effect. However, the dividend payout could attract income-focused investors.
The ex-dividend date effect often leads to a decrease in a stock's price equivalent to the dividend amount. However, the announcement of a dividend payout can also attract income-focused investors, potentially leading to increased demand for the stock in the longer term.
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IMPORTANCE 70
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