Artesian Resources: Dividend Insights
Portfolio Pulse from Benzinga Insights
Artesian Resources (NASDAQ:ARTNA) announced a quarterly dividend of 28.97 cents per share, with the ex-dividend date set for Thursday. Shareholders owning the stock by the end of Wednesday are eligible for the payout on February 23, 2024. The stock is expected to open lower by the dividend amount on the ex-dividend date.
February 05, 2024 | 2:46 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Artesian Resources announced a quarterly dividend of 28.97 cents per share, with the ex-dividend date this Thursday. Eligible shareholders will receive the payout on February 23, 2024.
The announcement of a dividend payout typically leads to a short-term decrease in the stock price equivalent to the dividend amount on the ex-dividend date, as the stock price adjusts to reflect the payout. Therefore, ARTNA is likely to experience a short-term price decrease on the ex-dividend date.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100