Albany Intl: Dividend Insights
Portfolio Pulse from Benzinga Insights
Albany Intl (NYSE:AIN) announced a quarterly dividend of 26 cents per share, with the ex-dividend date set for Monday. Shareholders owning AIN stock by the end of Friday's session will be eligible for the dividend, which will be paid on January 8, 2024. The stock is expected to open 26 cents lower on Monday due to the dividend payout.
December 13, 2023 | 2:45 pm
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Albany Intl (AIN) will pay a quarterly dividend of 26 cents per share, with shares expected to open lower by the dividend amount on the ex-dividend date, Monday.
The stock price of AIN is likely to decrease in the short term by the amount of the dividend as the stock goes ex-dividend. This is a common occurrence as the value of the dividend is accounted for in the stock price. The impact is direct and the importance is high for dividend investors, but the overall market impact is typically short-lived and factored in quickly by investors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100