Service Properties Trust (SVC) is set to pay out its next dividend on Thursday, providing investors with one final opportunity to receive the upcoming payout. The real estate investment trust (REIT) announced that it will distribute a quarterly dividend of 20 cents per share.
However, investors should be aware that the stock will go ex-dividend on Friday. This means that the share price will trade lower to reflect the dividend payment. In other words, the stock is likely to open 20 cents lower than it would on any other day.
To be eligible for the dividend, shareholders must own SVC stock before the ex-dividend date, which is Friday in this case. Those who hold SVC shares as of the end of Thursday’s trading session will qualify to receive the 20 cents dividend payout for each share they own.
Service Properties Trust has stated that the dividend will be paid out to shareholders on February 15, 2024. Once received, investors will have the option to reinvest the dividends back into the stock or utilize the payment in any other way they see fit.
For investors seeking information on other companies distributing dividends, Benzinga offers a Dividends Calendar. This resource can help investors stay informed about upcoming dividend payments and plan their investment strategies accordingly.
Dividends can be an attractive feature for many investors, providing a regular stream of income from their stock holdings. It is important for investors to keep track of ex-dividend dates and understand the impact they can have on share prices. By staying informed and taking advantage of the opportunities provided by dividend payments, investors can maximize their returns and enhance their overall investment strategy.
