Thursday Is Your Last Chance To Buy Ubiquiti Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Ubiquiti (NYSE:UI) announced a quarterly dividend of 60 cents per share, with the ex-dividend date set for Friday. Shareholders owning UI by the end of Thursday are eligible for the dividend, payable on February 26, 2024. The stock is expected to open 60 cents lower on the ex-dividend date.
February 13, 2024 | 2:45 pm
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Ubiquiti announces a quarterly dividend of 60 cents per share, with an ex-dividend date this Friday. Eligible if owned by end of Thursday, payable on February 26, 2024.
The announcement of a dividend payout typically leads to a short-term decrease in the stock price to reflect the payout value, as indicated by the expected opening price being 60 cents lower on the ex-dividend date. This is a common market reaction to dividend payouts.
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