5 REITs Paying Special Dividends With Upcoming Ex-Dividend Dates
Portfolio Pulse from Ethan Roberts
Five REITs have announced special dividends with upcoming ex-dividend dates, offering shareholders an opportunity for a larger annual yield. These REITs include Park Hotels & Resorts Inc. (PK), Host Hotels & Resorts Inc. (HST), Rayonier Inc. (RYN), SITE Centers Corp. (SITC), and Farmland Partners Inc. (FPI). Special dividends are often distributed when REITs dispose of assets with large gains. Shareholders are advised to purchase shares before the ex-dividend date to receive the special dividend, although the share price may decrease by a similar amount post-dividend.
December 22, 2023 | 3:00 pm
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NEUTRAL IMPACT
Farmland Partners Inc. announced a special dividend due to farm sales, with an ex-dividend date of Dec. 28 and payment on Jan. 12.
The declaration of a special dividend is generally seen as positive, but the expected share price drop after the dividend payment leads to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Host Hotels & Resorts Inc. announced an increase in its fourth-quarter dividend and a special dividend, with an ex-dividend date of Dec. 28 and payment on Jan. 16.
The increase in dividends and the announcement of a special dividend are positive, but the expected decrease in share price post-dividend payment leads to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Park Hotels & Resorts Inc. declared a regular quarterly dividend and a special dividend, with an ex-dividend date of Dec. 28 and payment on Jan. 16.
The announcement of a special dividend typically generates positive sentiment among investors, but the share price may decrease post-dividend by a similar amount, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Rayonier Inc. announced a special cash dividend resulting from the disposition of timberland, with an ex-dividend date of Dec. 29 and payment on Jan. 12.
The special dividend announcement is a positive event, but the share price adjustment post-dividend payment is likely to neutralize the short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
SITE Centers Corp. declared a special dividend from the sale of assets, with an ex-dividend date of Dec. 26 and payment on Jan. 12.
While the special dividend is a positive development, the anticipated share price reduction post-dividend payment suggests a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100