Blackstone Strategic: Dividend Insights
Portfolio Pulse from Benzinga Insights
Blackstone Strategic (NYSE:BGB) announced a monthly dividend of 9.3 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning BGB by the end of Tuesday are eligible for the dividend, payable on March 28, 2024. The stock is expected to open 9.3 cents lower on the ex-dividend date.
March 15, 2024 | 2:45 pm
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Blackstone Strategic (BGB) announces a 9.3 cents monthly dividend. Eligibility requires ownership by end of Tuesday, with a payout on March 28, 2024. Stock likely to open lower on ex-dividend date.
The announcement of a dividend payout typically leads to a short-term decrease in the stock price on the ex-dividend date, as the stock price adjusts to reflect the payout. In this case, BGB is expected to open 9.3 cents lower, directly correlating with the dividend amount.
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