Monday Is Your Last Chance To Buy abrdn Inc Credit Strat Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Monday is the last day for investors to buy abrdn Inc Credit Strat (NYSE:ACP) to be eligible for its monthly dividend payout of 10 cents per share. ACP will go ex-dividend on Tuesday, which will likely result in the stock opening 10 cents lower. Shareholders owning the stock by Monday's close will receive the dividend on January 31, 2024.
January 18, 2024 | 2:45 pm
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abrdn Inc Credit Strat (ACP) is set to pay a monthly dividend of 10 cents per share, with shares expected to open lower by the dividend amount post ex-dividend date.
The stock is likely to open lower on the ex-dividend date as the dividend payout is factored into the stock price. This is a common occurrence and is typically priced in by the market. The importance is high for dividend investors, but the price adjustment is a standard mechanism and does not reflect a change in company fundamentals.
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