Tuesday Is Your Last Chance To Buy Atlas Energy Solutions Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Atlas Energy Solutions (NYSE:AESI) has announced a quarterly dividend of 15 cents per share. The stock will go ex-dividend on Wednesday, 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. The dividend will be paid out on November 16, 2023.
November 03, 2023 | 2:45 pm
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NEUTRAL IMPACT
Atlas Energy Solutions' announcement of a 15 cents per share dividend may lead to increased buying before the ex-dividend date, potentially boosting the stock price. However, the stock is expected to trade lower post the ex-dividend date.
The announcement of a dividend often leads to increased buying as investors seek to qualify for the payout, potentially boosting the stock price. However, stocks typically trade lower after the ex-dividend date as the value of the dividend is no longer included in the stock price. Therefore, the short-term impact on AESI's stock price could be neutral.
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