GFL Environmental: Dividend Insights
Portfolio Pulse from Benzinga Insights
GFL Environmental (NYSE:GFL) has announced a quarterly dividend of 1.3 cents per share, with Monday being the last day for investors to be eligible for the dividend. The stock will go ex-dividend on Tuesday, meaning it will likely open 1.3 cents lower to reflect the payout. The dividend is scheduled to be paid on January 31, 2024, to shareholders who own the stock by the end of Monday's session.
January 11, 2024 | 2:45 pm
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GFL Environmental will pay a quarterly dividend of 1.3 cents per share, with the ex-dividend date set for Tuesday. The stock is expected to open slightly lower on the ex-dividend date to reflect the dividend payout.
The announcement of a dividend typically leads to a short-term decrease in the stock price equivalent to the dividend amount on the ex-dividend date, as the stock price adjusts for the payout. In this case, GFL Environmental's stock is expected to open 1.3 cents lower on Tuesday, which could be a minor negative impact on the stock price in the short term.
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