Pershing Square Inc. (PS) To Go Ex-Dividend on October 9th

Pershing Square Inc. (NYSE:PS) announced a quarterly dividend on Friday, October 2nd. Shareholders of record on Monday, October 12th will be given a dividend of $0.1030 per share on Tuesday, October 20th. This represents a $0.41 annualized dividend and a yield of 0.7%. The ex-dividend date is Friday, October 9th. This is a 15.6% decrease from Pershing Square’s previous quarterly dividend of $0.1220.

Pershing Square Stock Up 8.9%

NYSE:PS opened at $59.74 on Wednesday. Pershing Square has a 52-week low of $22.01 and a 52-week high of $60.40. The stock’s fifty day moving average price is $42.75. The firm has a market cap of $23.90 billion and a P/E ratio of 426.71.

Pershing Square (NYSE:PS) last issued its quarterly earnings data on Wednesday, August 12th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The business had revenue of $68.03 million during the quarter. On average, equities analysts forecast that Pershing Square will post 0.56 EPS for the current year.

Hedge Funds Weigh In On Pershing Square

Institutional investors have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC purchased a new stake in Pershing Square in the 2nd quarter valued at about $132,000. NewEdge Advisors LLC purchased a new position in shares of Pershing Square during the 2nd quarter worth about $1,702,000. Readystate Asset Management LP acquired a new stake in shares of Pershing Square in the second quarter worth approximately $822,000. Proficio Capital Partners LLC purchased a new stake in Pershing Square in the second quarter valued at approximately $1,459,000. Finally, Ancora Advisors LLC acquired a new position in Pershing Square during the second quarter worth approximately $302,000.

About Pershing Square

Pershing Square USA, Ltd. is a closed-end investment company listed on the New York Stock Exchange under the symbol PS. The company is designed to provide investors with long-term capital appreciation through a concentrated portfolio of investments in publicly traded businesses.

The fund is managed by Pershing Square Capital Management, L.P., an investment management firm founded and led by William A. Ackman. Its investment approach generally emphasizes detailed fundamental research, activist engagement when appropriate, and ownership of a limited number of companies that the manager believes have durable business models, strong management teams, and long-term growth potential.

Pershing Square USA primarily focuses on publicly traded companies in the United States and other developed markets, with investment decisions centered on individual business fundamentals rather than broad market exposure.