City Office REIT: Dividend Insights
Portfolio Pulse from Benzinga Insights
City Office REIT (NYSE:CIO) announced a quarterly dividend of 10 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning the stock by the end of Monday are eligible for the dividend, which will be paid on January 24, 2024. The stock is expected to open 10 cents lower on the ex-dividend date.
January 04, 2024 | 2:45 pm
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City Office REIT (CIO) will pay a quarterly dividend of 10 cents per share. The stock will likely open lower by the dividend amount on the ex-dividend date.
The stock price of CIO is likely to decrease 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.
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IMPORTANCE 60
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