Tuesday Is Your Last Chance To Buy Apple Hospitality REIT Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Apple Hospitality REIT (NYSE:APLE) announced a monthly dividend of 8 cents per share, with Tuesday being the last day for investors to buy the stock and be eligible for the dividend. The stock will go ex-dividend on Wednesday, likely opening 8 cents lower. The dividend payout is scheduled for March 15, 2024.
February 23, 2024 | 2:45 pm
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Apple Hospitality REIT announced an 8 cents per share monthly dividend, with the stock going ex-dividend on Wednesday, indicating a likely opening price drop of 8 cents.
The announcement of the dividend and the ex-dividend date directly impacts $APLE's stock price, typically leading to a short-term decrease in the stock price to reflect the dividend payout. Given the specific mention of the stock likely opening 8 cents lower, this analysis is based on the common market behavior observed around ex-dividend dates.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100