Monday Is Your Last Chance To Buy Aberdeen Asia-pacific Inc Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Monday is the last day for investors to buy Aberdeen Asia-pacific Inc (AMEX:FAX) shares to be eligible for its upcoming dividend payout. The company will pay a monthly dividend of 2.75 cents per share, with the ex-dividend date set for Tuesday. Shares purchased by the end of Monday's session will qualify for the dividend, which will be paid on January 31, 2024. The stock price is expected to open 2.75 cents lower on the ex-dividend date.
January 18, 2024 | 2:45 pm
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Aberdeen Asia-pacific Inc (FAX) will pay a 2.75 cents per share dividend, with shares needing to be purchased by Monday to be eligible. The stock is expected to open lower by the dividend amount on the ex-dividend date.
The stock price of FAX 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. However, the impact is typically short-lived and reflects the distribution of the dividend rather than a change in the company's fundamentals.
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