Apple Hospitality REIT: Dividend Insights
Portfolio Pulse from Benzinga Insights
Apple Hospitality REIT (NYSE:APLE) announced a monthly dividend of 8 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning the stock by the end of Tuesday are eligible for the dividend, which will be paid on December 15, 2023. The stock is expected to open 8 cents lower on the ex-dividend date to reflect the payout.
November 24, 2023 | 2:45 pm
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Apple Hospitality REIT (APLE) will pay an 8 cents per share monthly dividend, with shares expected to open lower by the dividend amount on the ex-dividend date.
The stock price of APLE is likely to drop by the amount of the dividend on the ex-dividend date, which is a common occurrence as the dividend payment is factored into the stock price. This is a short-term impact and does not necessarily reflect the company's long-term value.
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