Star Group: Dividend Insights
Portfolio Pulse from Benzinga Insights
Star Group (NYSE:SGU) has announced a quarterly dividend of 16.25 cents per share. The stock will go ex-dividend on Friday, meaning it will likely open 16.25 cents lower. Shareholders who own SGU as of the end of Thursday's session are eligible to receive the dividend payout. The dividend will be paid out to shareholders on July 31, 2023.
July 18, 2023 | 2:46 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Star Group's announcement of a 16.25 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, it typically trades lower to reflect the payout. This is a normal part of the dividend process and does not reflect negatively on the company's performance. Investors who own the stock prior to the ex-dividend date are eligible for the dividend.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100