First Majestic Silver: Dividend Insights
Portfolio Pulse from Benzinga Insights
First Majestic Silver (NYSE:AG) has announced a quarterly dividend of 0.46 cents per share. The stock will go ex-dividend on Tuesday, meaning it will trade lower to reflect the payout. Shareholders who own AG 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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First Majestic Silver (NYSE:AG) has announced a quarterly dividend of 0.46 cents per share. The stock will go ex-dividend on Tuesday, which will likely cause the stock to open lower.
The announcement of a dividend typically leads to a short-term increase in the stock price as investors buy in to receive the dividend. However, once the stock goes ex-dividend, the stock price typically decreases by the amount of the dividend as the company's assets have effectively decreased by the amount of the dividend payout.
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