Tuesday Is Your Last Chance To Buy Riley Exploration Permian Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Riley Exploration Permian (AMEX:REPX) has announced a quarterly dividend of 34 cents per share. The stock will go ex-dividend on Wednesday, meaning it will likely open 34 cents lower. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend. The dividend will be paid out on August 03, 2023.
July 14, 2023 | 2:45 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Riley Exploration Permian (REPX) has announced a quarterly dividend of 34 cents per share. The stock will go ex-dividend on Wednesday, which may cause the stock to open lower.
The announcement of a dividend often leads to a temporary increase in the stock price as investors buy in to receive the dividend. However, on the ex-dividend date, the stock price typically drops by the amount of the dividend as the company's assets have effectively decreased by the amount of the dividend payout. In this case, REPX is likely to open 34 cents lower on Wednesday.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100