Monday Is Your Last Chance To Buy Elme Communities Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Elme Communities (NYSE:ELME) announced a quarterly dividend of 18 cents per share, with Monday being the last day for investors to buy the stock and be eligible for the dividend. The stock will go ex-dividend on Tuesday, likely opening 18 cents lower. The dividend payout is scheduled for April 03, 2024.
March 14, 2024 | 2:45 pm
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Elme Communities announces a quarterly dividend of 18 cents per share, with the stock going ex-dividend on Tuesday, indicating a likely opening price adjustment.
The announcement of a dividend payout typically attracts short-term investors looking to capture the dividend, potentially increasing the stock's price before the ex-dividend date. However, the stock is expected to open lower on the ex-dividend date by the amount of the dividend, reflecting the payout adjustment. This short-term price adjustment is a common occurrence and is directly related to the dividend payout.
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