Monday Is Your Last Chance To Buy Public Storage Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Public Storage (NYSE:PSA) announced a quarterly dividend of $3.0 per share, with the ex-dividend date set for Tuesday. Shareholders must own the stock before this date to be eligible for the dividend, which will be paid on December 28, 2023. The stock is expected to open $3.0 lower on the ex-dividend date.
December 07, 2023 | 2:45 pm
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Public Storage's stock price is likely to open $3.0 lower on the ex-dividend date due to the dividend payout. Investors interested in the dividend must purchase shares before the end of Monday's session.
The stock price is expected to drop 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. This anticipated drop is a short-term price adjustment and does not reflect a change in the company's fundamentals.
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