Tuesday Is Your Last Chance To Buy Calamos L/S Equity Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Calamos L/S Equity (NASDAQ:CPZ) announced a monthly dividend of 14 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning CPZ by the end of Tuesday are eligible for the dividend, payable on March 21, 2024. The stock is expected to open 14 cents lower on the ex-dividend date.
March 08, 2024 | 2:45 pm
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Calamos L/S Equity (CPZ) will pay a 14 cents per share dividend, with shares expected to open lower by the same amount on the ex-dividend date.
The announcement of a dividend payout typically leads to a temporary decrease in stock price on the ex-dividend date, reflecting the payout amount. In this case, CPZ is expected to open 14 cents lower, directly correlating with the dividend amount. This short-term impact is a common market reaction to dividend payouts.
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