Alexander & Baldwin's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Alexander & Baldwin (NYSE:ALEX) announced a quarterly dividend of 22.25 cents per share, with the ex-dividend date set for Thursday. Shareholders owning ALEX stock by the end of Wednesday are eligible for the dividend, to be paid on January 8, 2024. The stock is expected to open lower on the ex-dividend date by the dividend amount.
December 18, 2023 | 2:45 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Alexander & Baldwin will pay a quarterly dividend of 22.25 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 is likely to decrease in the short term by the amount of the dividend on the ex-dividend date, as the value of the dividend is no longer included in the stock price. This is a common occurrence and is typically priced in by the market.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100