Tuesday Is Your Last Chance To Buy SBA Comms Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
SBA Comms (NASDAQ:SBAC) has announced a quarterly dividend of 85 cents per share, with Tuesday being the last day for investors to buy the stock and be eligible for the dividend. The stock will go ex-dividend on Wednesday, meaning it will likely open 85 cents lower. The dividend is scheduled to be paid on December 14, 2023.
November 10, 2023 | 2:45 pm
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SBA Comms is set to pay a quarterly dividend of 85 cents per share, with shares expected to open lower by the dividend amount on the ex-dividend date.
The announcement of a dividend typically does not have a significant long-term impact on a stock's price, but it does lead to a short-term adjustment on the ex-dividend date. Investors who are looking for dividend income may be attracted to the stock before the ex-dividend date, potentially increasing demand. However, the price is expected to drop by the amount of the dividend on the ex-dividend date, which is a standard practice and is already anticipated by the market.
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