Ubiquiti: Dividend Insights
Portfolio Pulse from Benzinga Insights
Ubiquiti (NYSE:UI) has announced a quarterly dividend of 60 cents per share, which will be paid out to shareholders on November 20, 2023. The stock will go ex-dividend on Friday, meaning it will likely open 60 cents lower. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend.
November 07, 2023 | 2:45 pm
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Ubiquiti's announcement of a 60 cents per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend. However, this is a regular part of the dividend process and not indicative of the company's overall performance.
When a stock goes ex-dividend, the price typically drops to reflect the payout, which is why Ubiquiti's stock price is expected to decrease in the short term. However, this is a common occurrence during the dividend process and does not reflect negatively on the company's financial health or performance.
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