Community Healthcare's Ex-Dividend Date Is Wednesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Community Healthcare (NYSE:CHCT) has announced a quarterly dividend of 45.5 cents per share. The ex-dividend date is Wednesday, meaning the stock will likely open 45.5 cents lower to reflect the payout. Shareholders who own CHCT as of the end of Tuesday's session are eligible to receive the dividend, which will be paid out on November 24, 2023.
November 03, 2023 | 2:45 pm
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Community Healthcare's stock is likely to open lower on Wednesday due to the ex-dividend date. The dividend will be paid out on November 24, 2023.
The ex-dividend date is the date on which the stock price is adjusted downwards by the amount of the dividend. This is because on the ex-dividend date, a new buyer of the stock will not receive the upcoming dividend. Therefore, the stock price is expected to drop by the amount of the dividend to reflect this. In this case, Community Healthcare's stock is expected to open 45.5 cents lower on Wednesday.
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