Creative Media: Dividend Insights
Portfolio Pulse from Benzinga Insights
Creative Media (NASDAQ:CMCT) announced a quarterly dividend of 8.5 cents per share, with Thursday being the last day for investors to be eligible for the dividend. The stock will go ex-dividend on Friday and is expected to open 8.5 cents lower to reflect the payout. The dividend is scheduled to be paid on January 16, 2024.
December 26, 2023 | 2:45 pm
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Creative Media is set to pay a quarterly dividend of 8.5 cents per share, with the stock expected to open lower by the same amount on the ex-dividend date.
The stock price of CMCT is likely to decrease in the short term by the amount of the dividend, as the stock goes ex-dividend. This is a common occurrence as the value of the dividend is accounted for in the stock price. However, the impact is typically short-lived and the stock may recover as the market adjusts.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100