Blackstone Long-Short: Dividend Insights
Portfolio Pulse from Benzinga Insights
Blackstone Long-Short (NYSE:BGX) announced a monthly dividend of 10.5 cents per share, with Tuesday being the last day for investors to be eligible for this payout. The stock will go ex-dividend on Wednesday, likely opening 10.5 cents lower. The dividend payout is scheduled for March 28, 2024.
March 15, 2024 | 2:45 pm
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Blackstone Long-Short (BGX) announced a monthly dividend of 10.5 cents per share, with an ex-dividend date on Wednesday, leading to a likely opening price drop of 10.5 cents.
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, BGX is expected to open 10.5 cents lower on the ex-dividend date, directly impacting short-term stock performance.
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