Natural Grocers: Dividend Insights
Portfolio Pulse from Benzinga Insights
Natural Grocers (NYSE:NGVC) announced a quarterly dividend of 10 cents per share, with Thursday being the last day for investors to be eligible for the dividend. The stock will go ex-dividend on Friday, which means it will likely open 10 cents lower to reflect the payout. Shareholders owning NGVC by the end of Thursday's session will receive the dividend on December 13, 2023.
November 21, 2023 | 2:45 pm
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Natural Grocers will pay a 10 cents per share dividend, with shares going ex-dividend on Friday, likely causing the stock to open lower by the dividend amount.
The announcement of a dividend typically leads to a short-term decrease in the stock price equivalent to the dividend amount on the ex-dividend date, as the stock price adjusts for the payout. Since NGVC is going ex-dividend, it is expected to open lower by the amount of the dividend, which is a common occurrence and is already anticipated by the market.
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