Advanced Energy Indus's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Advanced Energy Industries (NASDAQ:AEIS) announced a quarterly dividend of 10 cents per share, with the ex-dividend date set for Thursday. Shareholders owning AEIS by the end of Wednesday are eligible for the dividend, payable on March 01, 2024. The stock is expected to open 10 cents lower on the ex-dividend date.
February 12, 2024 | 2:45 pm
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Advanced Energy Industries announces a quarterly dividend of 10 cents per share, with an ex-dividend date this Thursday. Eligible shareholders must own the stock by Wednesday. The dividend is payable on March 01, 2024.
The announcement of a dividend typically leads to a short-term decrease in the stock price equal to the dividend amount on the ex-dividend date, as the payout reduces the company's retained earnings and overall value. In AEIS's case, the stock is expected to open 10 cents lower on the ex-dividend date, reflecting the dividend payout.
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