Acuity Brands's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Acuity Brands (NYSE:AYI) has announced a quarterly dividend of 15 cents per share, with the ex-dividend date set for Friday. Shareholders owning AYI stock by the end of Thursday's session will be eligible for the dividend, which will be paid on February 14, 2024. The stock is expected to open 15 cents lower on the ex-dividend date to reflect the payout.
January 30, 2024 | 2:45 pm
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Acuity Brands will pay a quarterly dividend of 15 cents per share, with the ex-dividend date being this Friday. The stock is expected to open lower by the dividend amount on the ex-dividend date.
The stock price of Acuity Brands is likely to decrease in the short term by the amount of the dividend, which is a common occurrence on ex-dividend dates as the payout is factored into the stock price. The relevance is high as the news directly pertains to AYI's dividend payment. The importance is moderate because dividends are a regular part of the stock's investment appeal and are expected by investors. The confidence level is high due to the predictable nature of stock price adjustments on ex-dividend dates.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100