Alcoa's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Alcoa (NYSE:AA) announced a quarterly dividend of 10 cents per share, with the ex-dividend date set for Monday. Shareholders owning AA stock by the end of Friday are eligible for the dividend, payable on March 21, 2024. The stock is expected to open 10 cents lower on Monday to reflect the dividend payout.
February 28, 2024 | 2:45 pm
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Alcoa announces a quarterly dividend of 10 cents per share, with an ex-dividend date on Monday. The stock is expected to open lower by the dividend amount.
The announcement of a dividend payout typically leads to a short-term decrease in the stock price equal to the dividend amount, as the ex-dividend date approaches. In Alcoa's case, the stock is expected to open 10 cents lower on Monday, reflecting the dividend payout. This is a common market reaction to dividend distributions.
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