One Liberty Props's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
One Liberty Properties (NYSE:OLP) announced a quarterly dividend of 45 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning OLP stock by the end of Monday's session will be eligible for the dividend, which will be paid on January 5, 2024. The stock is expected to open 45 cents lower on the ex-dividend date.
December 14, 2023 | 2:45 pm
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One Liberty Properties (OLP) will likely see its stock price open lower by the amount of the dividend (45 cents) on the ex-dividend date.
Stocks typically drop by the amount of the dividend on the ex-dividend date as the dividend value is accounted for in the stock price. Since OLP is paying a 45 cents dividend, it's expected that the stock will open lower by a corresponding amount, reflecting the payout.
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