InvenTrust Properties's Ex-Dividend Date Is Wednesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
InvenTrust Properties (NYSE:IVT) has announced a quarterly dividend of 21.55 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning the stock by the end of Tuesday's session will be eligible for the dividend, which will be paid on January 15, 2024. The stock is expected to open 21.55 cents lower on the ex-dividend date.
December 22, 2023 | 2:45 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
InvenTrust Properties has declared a quarterly dividend of 21.55 cents per share, with the ex-dividend date being this Wednesday. The stock price is expected to open lower by the dividend amount on the ex-dividend date.
The stock price is likely to drop 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 75
RELEVANCE 100