MV Oil: Dividend Insights
Portfolio Pulse from Benzinga Insights
MV Oil (NYSE:MVO) has announced a quarterly dividend of 32.5 cents per share, payable on July 25, 2023. The stock will go ex-dividend on Friday, meaning it will likely open 32.5 cents lower. Shareholders owning MVO as of the end of Thursday's session are eligible for the dividend.
July 11, 2023 | 2:45 pm
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MV Oil's announcement of a 32.5 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 indicative of the company's overall performance.
When a stock goes ex-dividend, it typically trades lower to reflect the payout, which is why MV Oil's stock price may decrease in the short term. However, this is a standard part of the dividend process and does not reflect negatively on the company's overall performance.
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