Amalgamated Financial's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Amalgamated Financial (NASDAQ:AMAL) has announced a quarterly dividend of 10 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 dividend, which will be paid on February 23, 2024. The stock is expected to open 10 cents lower on the ex-dividend date.
January 31, 2024 | 2:45 pm
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Amalgamated Financial will pay a quarterly dividend of 10 cents per share, with the ex-dividend date on Monday. The stock price is expected to open lower by the dividend amount on that day.
The stock price is likely to decrease in the short term by the amount of the dividend on the ex-dividend date, as the value of the dividend is no longer included in the stock price. This is a common and expected behavior for stocks on their ex-dividend date.
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