Friday Is Your Last Chance To Buy AZZ Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
AZZ (NYSE:AZZ) announced a quarterly dividend of 17 cents per share, with the ex-dividend date set for Monday. Shareholders owning the stock by the end of Friday's session will be eligible for the payout, which will be distributed on February 07, 2024. The stock is expected to open 17 cents lower on Monday to reflect the dividend payout.
January 24, 2024 | 2:45 pm
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AZZ announced a quarterly dividend of 17 cents per share. The stock will likely open lower on the ex-dividend date to reflect the payout.
The announcement of a dividend typically leads to a short-term decrease in the stock price on the ex-dividend date, reflecting the payout. As AZZ will go ex-dividend on Monday, it is expected to open lower by the amount of the dividend, which is a common occurrence in the market.
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