Tuesday Is Your Last Chance To Buy Intl General Insurance Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Intl General Insurance (NASDAQ:IGIC) announced a quarterly dividend of 1 cent per share, with the ex-dividend date being Wednesday. Shareholders owning the stock by the end of Tuesday are eligible for the dividend, which will be paid on December 14, 2023. The stock is expected to open 1 cent lower on the ex-dividend date to reflect the payout.
November 24, 2023 | 2:45 pm
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Intl General Insurance (NASDAQ:IGIC) will pay a quarterly dividend of 1 cent per share. The stock will likely open lower by the dividend amount on the ex-dividend date.
The stock is expected to open lower 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. However, the impact is typically short-lived and the price adjustment is usually minimal, especially for a small dividend of 1 cent per share.
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