Sabine Royalty: Dividend Insights
Portfolio Pulse from Benzinga Insights
Sabine Royalty (NYSE:SBR) has announced a monthly dividend of 32.05 cents per share. The stock will go ex-dividend on Friday, meaning it will trade lower to reflect the payout. Shareholders who own SBR as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on July 31, 2023.
July 11, 2023 | 2:45 pm
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Sabine Royalty's announcement of a 32.05 cents per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend. However, this is a regular part of the dividend process and not a reflection of the company's performance.
When a stock goes ex-dividend, the price typically drops to reflect the amount of the dividend payout. This is a normal part of the dividend process and does not reflect negatively on the company's performance. However, it can lead to short-term price volatility.
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