Thursday Is Your Last Chance To Buy Industrial Logistics Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Industrial Logistics (NASDAQ:ILPT) announced a quarterly dividend of 1 cent per share, with the ex-dividend date set for Friday. Shareholders owning ILPT stock by the end of Thursday are eligible for the dividend, which will be paid on February 15, 2024. The stock is expected to open 1 cent lower on Friday to reflect the dividend payout.
January 16, 2024 | 2:45 pm
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Industrial Logistics (ILPT) will pay a 1 cent quarterly dividend per share, with shares expected to open 1 cent lower on the ex-dividend date, reflecting the payout.
The stock price of ILPT is likely to decrease by the amount of the dividend on the ex-dividend date, which is a common occurrence as the value of the dividend is accounted for in the stock price. This is a short-term impact and is typically priced in automatically by the market.
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