Hudson Pacific Properties's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Hudson Pacific Properties (NYSE:HPP) announced a quarterly dividend of 5 cents per share, with the ex-dividend date set for Friday. Shareholders owning the stock by the end of Thursday are eligible for the payout, which will be distributed on March 28, 2024. The stock is expected to open 5 cents lower on the ex-dividend date.
March 12, 2024 | 2:45 pm
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Hudson Pacific Properties announced a quarterly dividend of 5 cents per share, with an ex-dividend date this Friday. Eligible shareholders will receive the payout on March 28, 2024.
The announcement of a dividend payout typically leads to a short-term decrease in the stock price equivalent to the dividend amount on the ex-dividend date, as the stock price adjusts to reflect the payout. In this case, HPP is expected to open 5 cents lower on the ex-dividend date, indicating a direct impact on its stock price in the short term.
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