Tuesday Is Your Last Chance To Buy Global Water Resources Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Global Water Resources (NASDAQ:GWRS) announced a monthly dividend of 2.51 cents per share, with Tuesday being the last day for investors to buy the stock and be eligible for the dividend. The stock will go ex-dividend on Wednesday, meaning it will trade lower by the dividend amount. The dividend is payable on December 28, 2023.
December 08, 2023 | 2:45 pm
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Global Water Resources announced a dividend of 2.51 cents per share, with the ex-dividend date being Wednesday. The stock is expected to open lower by the dividend amount on that day.
The stock price 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.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100