Service Properties Trust: Dividend Insights
Portfolio Pulse from Benzinga Insights
Service Properties Trust (NASDAQ:SVC) announced a quarterly dividend of 20 cents per share, with the ex-dividend date set for Friday. Shareholders owning SVC stock by the end of Thursday are eligible for the payout, which will be distributed on February 15, 2024. The stock is expected to open 20 cents lower on the ex-dividend date to reflect the payout.
January 16, 2024 | 2:45 pm
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Service Properties Trust (SVC) will pay a quarterly dividend of 20 cents per share, with shares expected to open lower by the dividend amount on the ex-dividend date.
The stock price of SVC is likely to decrease in the short term by the amount of the dividend on the ex-dividend date, as the market adjusts for the payout. This is a common occurrence when stocks go ex-dividend and is typically reflected in the stock's opening price on that date.
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