Logista faces this Monday a relevant date for its shareholders. Today is the last day to buy Logista shares with the right to receive the gross dividend of 0.58 euros per share, before the company trades without that right starting Tuesday, August 25.
The date is especially important for investors who are considering entering the company for the payment to shareholders. To have the right to the dividend, the purchase must be made before the ex-dividend day. The payment is scheduled for Thursday, August 27.
Last day to buy Logista with the right to the dividend
This Monday, August 24, is the last session in which Logista shares trade with the right to the next dividend. The company will distribute a gross amount of 0.58 euros per share among shareholders who meet the established conditions to receive the payment.
Starting Tuesday, August 25, the shares will begin to trade ex-dividend. This means that anyone who buys shares from that session will no longer have the right to receive this specific payment, although they will still own the shares and will be able to participate in future distributions approved by the company.
When is Logista's dividend paid
The planned schedule for this payment is divided into three key dates. Monday, August 24, is the last day to buy shares with the right to the dividend; on Tuesday, August 25, the shares will begin to trade without that right, and on Thursday, August 27, the payment to shareholders is scheduled.
Therefore, an investor who buys Logista shares during the day on Monday will be able to access the gross dividend of 0.58 euros per share. Purchases made starting Tuesday will no longer entitle the buyer to this payment.
What it means for a share to trade ex-dividend
The ex-dividend date marks the moment from which new purchases no longer include the right to receive the next payment. It is a common reference for investors who follow companies with a recurring shareholder remuneration policy.
Additionally, the quotation usually adjusts technically to reflect the amount that the company allocates to the dividend. However, the subsequent evolution of the share also depends on the general market behavior, expectations about the company, and other factors that influence its valuation.
Logista, a key player in the IBEX 35 for its payment to shareholders
The dividend places Logista among the stocks to watch in this Monday's session within the Spanish market. The proximity of the ex-dividend date usually concentrates the attention of investors interested in strategies focused on dividend yield.
Logista thus faces its last day to buy shares with the right to receive the dividend of 0.58 euros per share. From Tuesday, August 25, the company will trade ex-dividend and the payment is scheduled for Thursday, the 27th.