Alexander's: Dividend Insights
Portfolio Pulse from Benzinga Insights
Alexander's (NYSE:ALX) has announced a quarterly dividend of $4.5 per share, which will be paid out to shareholders on November 17, 2023. The stock will go ex-dividend on Friday, meaning it will likely open $4.5 lower than usual. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend.
October 31, 2023 | 2:46 pm
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Alexander's (ALX) has announced a quarterly dividend of $4.5 per share. The stock will go ex-dividend on Friday and is expected to open $4.5 lower.
The announcement of a dividend typically leads to a temporary increase in the stock price as investors buy in to qualify for the payout. However, the stock price usually drops on the ex-dividend date by an amount roughly equal to the dividend paid. In this case, Alexander's has announced a $4.5 dividend, so the stock is expected to open $4.5 lower on the ex-dividend date.
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