Atlantica Sustainable: Dividend Insights
Portfolio Pulse from Benzinga Insights
Atlantica Sustainable (NASDAQ:AY) announced a quarterly dividend of 44.5 cents per share, with the ex-dividend date set for Monday. Shareholders owning AY by the end of Friday's session will be eligible for the dividend, payable on March 22, 2024. The stock is expected to open 44.5 cents lower on Monday to reflect the dividend payout.
March 06, 2024 | 2:45 pm
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Atlantica Sustainable announced a quarterly dividend of 44.5 cents per share, with the ex-dividend date on Monday. The stock is expected to open lower by the dividend amount on that day.
The announcement of a dividend payout typically leads to a short-term decrease in the stock price equal to the dividend amount on the ex-dividend date, as the stock price adjusts to reflect the payout. Therefore, AY's stock is likely to open lower on Monday by the amount of the dividend announced.
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