Wednesday Is Your Last Chance To Buy Alliancebernstein Glb Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Alliancebernstein Glb (NYSE:AWF) has announced a monthly dividend of 6.55 cents per share, with Wednesday being the last day for investors to buy the stock and be eligible for the dividend. The stock will go ex-dividend on Thursday, meaning it will trade lower by the dividend amount. The dividend is scheduled to be paid on December 22, 2023.
December 04, 2023 | 2:45 pm
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Alliancebernstein Glb (AWF) will pay a 6.55 cents dividend per share, with the ex-dividend date set for Thursday. The stock price is expected to adjust lower by the dividend amount on the ex-dividend date.
The stock price of AWF is likely to drop by the amount of the dividend on the ex-dividend date, which is a common occurrence as the value of the dividend is no longer included in the stock price. This is a predictable short-term impact due to the mechanics of dividend payments.
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