Thursday Is Your Last Chance To Buy Office Props IT Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Office Props IT (NASDAQ:OPI) announced that shareholders owning the stock by the end of Thursday's session will be eligible for a quarterly dividend payout of 1 cent per share. The ex-dividend date is Friday, and the stock is expected to open 1 cent lower to reflect the payout. The dividend will be distributed on February 15, 2024.
January 16, 2024 | 2:45 pm
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Office Props IT is set to pay a quarterly dividend of 1 cent per share, with the ex-dividend date being this Friday. The stock price is expected to open 1 cent lower on the ex-dividend date.
The announcement of a dividend payout 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 is adjusted to reflect the payout. In this case, OPI is expected to open 1 cent lower, which is a direct consequence of the dividend payout.
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