Friday marks the last chance for investors to receive the next dividend payout from Albany Intl (NYSE:AIN).
What’s Happening
The company announced on Friday that it would pay shareholders a quarterly dividend of 26 cents per share. On Monday, Albany Intl will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 26 cents lower than it would have opened on any other day.
In order to be eligible to receive a company’s dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Monday. Shareholders who own AIN as of the end of Friday’s session are eligible to receive the 26 cents dividend payout for every share that they own.
According to the company, this dividend will be paid out to shareholders on January 08, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way.
Monitor live stock price updates for Albany Intl on Benzinga.
