Global Partners's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Global Partners (NYSE:GLP) has announced a quarterly dividend of 68.5 cents per share. The ex-dividend date is Tuesday, meaning the stock will likely open 68.5 cents lower to reflect the payout. Shareholders who own GLP as of the end of Monday's session are eligible to receive the dividend, which will be paid out on November 14, 2023.
November 02, 2023 | 2:45 pm
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Global Partners' stock price is expected to open lower on Tuesday due to the ex-dividend date. The dividend payout may attract investors, potentially increasing demand for the stock.
The ex-dividend date typically results in a decrease in the stock price equivalent to the dividend amount. However, the announcement of a dividend payout can also attract investors looking for income-generating stocks, potentially increasing demand for the stock.
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