Seven Hills Realty Trust: Dividend Insights
Portfolio Pulse from Benzinga Insights
Seven Hills Realty Trust (NASDAQ:SEVN) announced a quarterly dividend of 35 cents per share, with Thursday being the last day for investors to be eligible for the dividend. The stock will go ex-dividend on Friday, likely opening 35 cents lower. Eligible shareholders as of Thursday's close will receive the dividend on February 15, 2024.
January 16, 2024 | 2:46 pm
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SEVN announced a quarterly dividend of 35 cents per share. The stock will likely open lower on the ex-dividend date, reflecting the dividend payout.
The announcement of a dividend typically leads to a short-term decrease in the stock price on the ex-dividend date, as the price adjusts for the payout. SEVN's stock is expected to open lower by the amount of the dividend, which is a common occurrence on ex-dividend dates.
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