BlackRock Innovation's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
BlackRock Innovation (NYSE:BIGZ) announced a monthly dividend of 4.49 cents per share, with the ex-dividend date set for Thursday. Shareholders owning the stock by the end of Wednesday are eligible for the dividend, which will be paid on December 20, 2023. The stock is expected to open 4.49 cents lower on the ex-dividend date.
December 11, 2023 | 2:45 pm
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BlackRock Innovation will pay a monthly dividend of 4.49 cents per share, with the ex-dividend date being this Thursday. The stock price is expected to open lower by the dividend amount on the ex-dividend date.
The stock price of BlackRock Innovation is likely to decrease in the short term by the amount of the dividend as it goes ex-dividend. This is a common occurrence as the value of the dividend is accounted for in the stock price. The impact is significant as it directly relates to the company's dividend policy and the immediate financial return to shareholders.
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