Wednesday Is Your Last Chance To Buy United Fire Gr Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
United Fire Gr (NASDAQ:UFCS) announced a quarterly dividend of 16 cents per share, with Wednesday being the last day for investors to be eligible for the dividend. The stock will go ex-dividend on Thursday and is expected to open 16 cents lower. The dividend is scheduled to be paid on December 15, 2023.
November 27, 2023 | 2:45 pm
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United Fire Gr (NASDAQ:UFCS) will pay a quarterly dividend of 16 cents per share, with the ex-dividend date being Thursday. The stock is expected to open lower by the dividend amount.
The announcement of a dividend typically leads to a short-term decrease in the stock price by the amount of the dividend on the ex-dividend date, as the stock price adjusts for the payout. Investors who purchase the stock before the ex-dividend date are entitled to the dividend, which can lead to a temporary increase in demand before the ex-dividend date.
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