Tuesday Is Your Last Chance To Buy Blackstone Senior Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Blackstone Senior (NYSE:BSL) announced a monthly dividend of 11.4 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning BSL by the end of Tuesday are eligible for the dividend, to be paid on March 28, 2024. The stock is expected to open 11.4 cents lower on the ex-dividend date.
March 15, 2024 | 2:45 pm
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Blackstone Senior (NYSE:BSL) will pay a monthly dividend of 11.4 cents per share on March 28, 2024, to shareholders who own the stock by the end of Tuesday. The stock will likely open lower by the dividend amount on the ex-dividend date.
The announcement of a dividend payout typically has a neutral to slightly positive impact on a stock's price in the short term, as it reflects the company's ability to generate and distribute earnings. However, the stock is expected to open lower by the dividend amount on the ex-dividend date, which is a standard occurrence and does not reflect negatively on the company's fundamentals.
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