Adams Diversified Equity's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Adams Diversified Equity (NYSE:ADX) will go ex-dividend on Friday, with shareholders as of Thursday's close eligible for a $1.15 per share dividend. The stock is expected to open $1.15 lower on Friday to reflect the dividend payout. The dividend will be paid on December 20, 2023.
November 14, 2023 | 2:45 pm
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Adams Diversified Equity (ADX) will pay a $1.15 dividend per share and the stock will likely open lower by the same amount on the ex-dividend date.
The stock price of ADX is expected to drop by the amount of the dividend ($1.15) on the ex-dividend date as the dividend is priced out of the stock's value. This is a common occurrence and is typically reflected in the stock's price on the ex-dividend date.
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