USA Compression Partners's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
USA Compression Partners (NYSE:USAC) has announced a quarterly dividend of 52.5 cents per share. The stock will go ex-dividend on Friday, meaning it will trade lower to reflect the payout. Shareholders who own USAC as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on August 04, 2023.
July 18, 2023 | 2:46 pm
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USA Compression Partners has announced a quarterly dividend of 52.5 cents per share. The stock will go ex-dividend on Friday, which will likely cause the stock to open lower.
The announcement of a dividend typically leads to a short-term increase in the stock price as investors buy in to qualify for the dividend. However, on the ex-dividend date, the stock price usually drops by about the amount of the dividend, as the company's assets have effectively decreased by the amount of the dividend payout. In this case, USAC's stock is expected to open lower on the ex-dividend date.
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