Calamos L/S Equity's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Calamos L/S Equity (NASDAQ:CPZ) will go ex-dividend on Monday, with shareholders as of Friday's close eligible for a 14 cents per share dividend. The stock is expected to open 14 cents lower on Monday to reflect the payout, which will be distributed on December 18, 2023.
December 06, 2023 | 2:45 pm
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Calamos L/S Equity (CPZ) will pay a monthly dividend of 14 cents per share, with the ex-dividend date set for Monday. The stock price is expected to open lower by the dividend amount.
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 is typically reflected in a decrease in the stock price equivalent to the dividend amount. However, the impact is usually short-lived and the stock may recover as the market adjusts.
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