Tuesday marks the last chance for investors to receive the next dividend payout from Blackstone Long-Short (NYSE:BGX).
What's Happening
The company announced on Thursday that it would pay shareholders a monthly dividend of 79 cents per share. On Wednesday, Blackstone Long-Short will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 79 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 dateâ€"in this case, Wednesday. Shareholders who own BGX as of the end of Tuesday's session are eligible to receive the 79 cents dividend payout for every share that they own.
According to the company, this dividend will be paid out to shareholders on June 30, 2022. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way.
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Click here to visit our Dividends Calendar.