Alliancebernstein: Dividend Insights
Portfolio Pulse from Benzinga Insights
Alliancebernstein (NYSE:AFB) announced a monthly dividend of 3.27 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, meaning it will likely open 3.27 cents lower to reflect the payout. Shareholders owning AFB by the end of Wednesday will receive the dividend on December 22, 2023.
December 04, 2023 | 2:45 pm
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Alliancebernstein will pay a monthly dividend of 3.27 cents per share, with the ex-dividend date being Thursday. The stock is expected to open lower by the dividend amount on that day.
The stock is expected to open lower on the ex-dividend date as the dividend payout is factored into the stock price. This is a common occurrence and typically does not indicate a change in the company's fundamentals. The importance is moderate as dividends are a regular part of AFB's investment appeal, and the confidence is high due to the predictable nature of ex-dividend price adjustments.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100