Wednesday Is Your Last Chance To Buy Amcon Distributing Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Amcon Distributing (AMEX:DIT) announced a quarterly dividend of 18 cents per share, with Wednesday being the last day for investors to buy the stock and be eligible for the dividend. The stock will go ex-dividend on Thursday and will likely open 18 cents lower. The dividend is scheduled to be paid on February 12, 2024.
January 29, 2024 | 2:45 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Amcon Distributing (DIT) will pay an 18 cents per share dividend, with the ex-dividend date being Thursday. The stock is expected to open lower by the dividend amount on that day.
The announcement of a dividend typically leads to a short-term increase in stock price before the ex-dividend date, as investors buy to secure the dividend. However, the stock is expected to open lower by the amount of the dividend on the ex-dividend date, reflecting the payout adjustment. This is a common and expected behavior for stocks on their ex-dividend date.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100