Affiliated Managers Group: Dividend Insights
Portfolio Pulse from Benzinga Insights
Affiliated Managers Group (NYSE:AMG) announced a quarterly dividend of 1 cent per share, with Tuesday being the last day for investors to be eligible for the dividend. The stock will go ex-dividend on Wednesday, likely opening 1 cent lower to reflect the payout. The dividend is scheduled to be paid on November 30, 2023.
November 10, 2023 | 2:45 pm
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Affiliated Managers Group declared a quarterly dividend of 1 cent per share, with the ex-dividend date set for Wednesday. The stock price is expected to open slightly lower by the dividend amount on that day.
The announcement of a dividend typically leads to the stock trading lower on the ex-dividend date by the amount of the dividend, as the dividend value is factored out of the stock price. Since AMG is paying out a dividend, the stock is expected to open 1 cent lower, which is a direct and predictable short-term impact on the stock price.
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