Tuesday Is Your Last Chance To Buy Affiliated Managers Group Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Affiliated Managers Group (NYSE:AMG) announced a quarterly dividend of 1 cent per share, with Tuesday being the last day for investors to be eligible for this payout. The stock will go ex-dividend on Wednesday, indicating a likely opening price adjustment of 1 cent lower. The dividend is scheduled for payment on February 29, 2024.
February 09, 2024 | 2:45 pm
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Affiliated Managers Group announces a quarterly dividend of 1 cent per share, with the ex-dividend date set for Wednesday. Investors must own the stock by Tuesday to receive the payout on February 29, 2024.
The announcement of a dividend payout typically has a neutral to slightly positive impact on a stock's price in the short term. However, since the dividend amount is relatively small (1 cent per share), the immediate impact on AMG's stock price is likely to be minimal. The ex-dividend date adjustment is a standard procedure and is expected to have a neutral effect.
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