ABM Indus: Dividend Insights
Portfolio Pulse from Benzinga Insights
ABM Industries (NYSE:ABM) has announced a quarterly dividend of 22.5 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning the stock by the end of Tuesday are eligible for the dividend, which will be paid on February 5, 2024. The stock is expected to open 22.5 cents lower on the ex-dividend date.
December 29, 2023 | 2:45 pm
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ABM Industries is set to pay a quarterly dividend of 22.5 cents per share, with shares expected to open lower by the same amount on the ex-dividend date.
The stock price of ABM Industries is likely to decrease in the short term by the amount of the dividend as it goes ex-dividend. This is a common occurrence as the value of the dividend is accounted for in the stock price. However, this is a temporary adjustment and does not reflect a change in the company's fundamentals.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100