AT&T's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
AT&T (NYSE:T) has announced that shareholders owning the stock before the ex-dividend date on Tuesday will be eligible for a quarterly dividend payout of 27.75 cents per share. The stock is expected to open 27.75 cents lower on the ex-dividend date to reflect the payout. The dividend is scheduled to be paid on February 01, 2024. Monday is the last chance for investors to buy the stock and receive the dividend.
January 04, 2024 | 2:45 pm
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AT&T's stock is expected to open lower by the amount of the dividend (27.75 cents) on the ex-dividend date. Investors who purchase the stock by Monday will be eligible for the dividend payout on February 01, 2024.
The stock price of AT&T is likely to decrease in the short term by the dividend amount on the ex-dividend date, as the market adjusts for the payout. This is a common occurrence and is typically priced in by the market.
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