Cushing MLP & Infr Total: Dividend Insights
Portfolio Pulse from Benzinga Insights
Cushing MLP & Infr Total (NYSE:SRV) has announced a monthly dividend of 45 cents per share. The stock will go ex-dividend on Monday, meaning it will likely open 45 cents lower. Shareholders owning the stock by the end of Friday's session will be eligible for the dividend, which will be paid out on July 31, 2023.
July 12, 2023 | 2:45 pm
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Cushing MLP & Infr Total's announcement of a 45 cents per share dividend may cause the stock to open lower on Monday. The dividend will be paid out on July 31, 2023.
The announcement of a dividend often leads to a decrease in the stock's price as it goes ex-dividend, reflecting the payout. In this case, Cushing MLP & Infr Total's stock is expected to open 45 cents lower on Monday. However, dividends are generally a positive sign of a company's profitability and can attract investors.
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IMPORTANCE 80
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