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Atlas Arteria (ASX: ALX) Shares Trading Red Amid Ex-Dividend Date

Tue 25 Mar 25, 03:10 AM | Team Kalkine Media

Image source: Shutterstock

Highlights

The S&P/ASX 200 Index (ASX: XJO) continued its upward momentum on Wednesday, climbing 0.5% to 7,974.9 points, following Wall Street's positive lead. However, not all stocks joined the rally, with some failing to climb with the broader market.

One such stock was Atlas Arteria Group (ASX: ALX), which saw its share price drop by 5% to A$4.79 in afternoon trade. This decline came as the toll road operator's shares went ex-dividend earlier in the day. Last week, Atlas Arteria declared its second-half distribution of 20 cents per share, representing a 4% dividend yield based on its last closing price.

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