Wednesday Is Your Last Chance To Buy Phillips Edison Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Phillips Edison (NASDAQ:PECO) announced a monthly dividend of 9.75 cents per share, with Wednesday being the last day for investors to buy the stock and be eligible for the dividend. The stock will go ex-dividend on Thursday and is expected to open 9.75 cents lower to reflect the payout. The dividend is scheduled to be paid on December 01, 2023.
November 13, 2023 | 2:45 pm
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Phillips Edison is set to pay a monthly dividend of 9.75 cents per share, with the stock going ex-dividend on Thursday and likely opening lower by the dividend amount.
The stock price of Phillips Edison is likely to decrease in the short term by the amount of the dividend as it goes ex-dividend. This is a common occurrence as the value of the dividend is accounted for in the stock price. However, the impact is typically short-lived and the stock may recover as investors reinvest dividends or new investors see a lower entry point.
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