Great Ajax: Dividend Insights
Portfolio Pulse from Benzinga Insights
Great Ajax (NYSE:AJX) has announced a quarterly dividend of 11 cents per share. The stock will go ex-dividend on Tuesday, meaning it will likely open 11 cents lower. Shareholders who own AJX as of the end of Monday's session are eligible to receive the dividend, which will be paid out on November 30, 2023.
November 09, 2023 | 2:45 pm
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Great Ajax's announcement of a quarterly dividend of 11 cents per share 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 a reflection of the company's performance.
When a stock goes ex-dividend, it typically opens lower to reflect the payout. This is a normal part of the dividend process and does not reflect negatively on the company's performance. However, it can lead to short-term price volatility.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100