Wednesday Is Your Last Chance To Buy Franklin Street Props Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Franklin Street Props (AMEX:FSP) announced a quarterly dividend of 1 cent per share, with the ex-dividend date being Thursday. Shareholders owning the stock by the end of Wednesday are eligible for the dividend, which will be paid on February 15, 2024. The stock is expected to open 1 cent lower on the ex-dividend date.
January 22, 2024 | 2:45 pm
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Franklin Street Props (AMEX:FSP) will pay a quarterly dividend of 1 cent per share, with the ex-dividend date set for Thursday. The stock price is expected to open 1 cent lower on the 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 impact is short-term and reflects the dividend payment rather than a change in the company's fundamentals.
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