Friday Is Your Last Chance To Buy Gerdau Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Gerdau (NYSE:GGB) has announced a quarterly dividend of 9.62 cents per share, with the ex-dividend date set for Monday. Investors must own the stock before the ex-dividend date to be eligible for the dividend, which will be paid on December 20, 2023. Friday is the last chance for investors to buy GGB shares and receive the dividend payout.
November 15, 2023 | 2:45 pm
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Gerdau has declared a quarterly dividend of 9.62 cents per share, with the ex-dividend date approaching on Monday. Investors buying the stock by Friday will be eligible for the dividend, which may lead to a temporary increase in stock purchases.
The announcement of a dividend typically encourages investors to purchase the stock before the ex-dividend date to qualify for the payout, potentially driving up the stock price in the short term. However, the stock is expected to open lower on the ex-dividend date by the amount of the dividend, reflecting the payout.
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