Monday Is Your Last Chance To Buy Armada Hoffler Properties Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Armada Hoffler Properties (NYSE:AHH) has announced a quarterly dividend of 19.5 cents per share, with Monday being the last day for investors to buy the stock and be eligible for this dividend. The stock will go ex-dividend on Tuesday and is expected to open 19.5 cents lower to reflect the payout. The dividend is scheduled to be paid on January 04, 2024.
December 21, 2023 | 2:45 pm
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Armada Hoffler Properties is set to pay a quarterly dividend of 19.5 cents per share, with the stock going ex-dividend on Tuesday. The price is expected to adjust lower by the dividend amount on the ex-dividend date.
The announcement of a dividend typically does not have a significant long-term impact on a stock's price, but it does lead to a short-term adjustment. The price is expected to drop by the dividend amount on the ex-dividend date, which is a standard and anticipated move. Therefore, the short-term impact is neutral as the price adjustment is already expected by the market.
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