UDR's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
UDR, Inc. (NYSE:UDR) has announced a quarterly dividend of 42 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning the stock by the end of Monday's session will be eligible for the dividend, which will be paid on January 31, 2024. The stock is expected to open 42 cents lower on the ex-dividend date.
January 04, 2024 | 2:45 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
UDR has declared a quarterly dividend of 42 cents per share, with the ex-dividend date being the upcoming Tuesday. The stock price is expected to adjust lower by the dividend amount on that day.
The stock price of UDR is likely to drop by the amount of the dividend on the ex-dividend date, which is a common occurrence as the dividend payment is accounted for in the stock's price. This is a short-term impact and does not necessarily reflect the company's long-term value.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100