Wednesday Is Your Last Chance To Buy BlackRock ESG Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
BlackRock ESG (NYSE:ECAT) announced a monthly dividend of 15 cents per share, with Wednesday being the last day for investors to buy the stock and be eligible for the dividend. The stock will go ex-dividend on Thursday, meaning it will likely open 15 cents lower. The dividend is payable on January 31, 2024, to shareholders who own the stock by the end of Wednesday's session.

January 08, 2024 | 2:45 pm
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BlackRock ESG (NYSE:ECAT) will pay a monthly dividend of 15 cents per share, with the ex-dividend date being Thursday. The stock is expected to open lower by the dividend amount on the ex-dividend date.
The announcement of a dividend typically does not have a significant impact on the stock price beyond the mechanical adjustment lower by the amount of the dividend on the ex-dividend date. Investors who purchase before the ex-dividend date are entitled to the dividend, which is a short-term incentive, but the price adjustment is a standard practice and is already anticipated by the market.
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