EnLink Midstream: Dividend Insights
Portfolio Pulse from Benzinga Insights
EnLink Midstream (NYSE:ENLC) has announced a quarterly dividend of 12.5 cents per share. The stock will go ex-dividend on Thursday, meaning it will likely open 12.5 cents lower. Shareholders who own ENLC as of the end of Wednesday's session will be eligible for the dividend, which will be paid out on August 11, 2023.
July 24, 2023 | 2:45 pm
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EnLink Midstream's announcement of a 12.5 cents per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend. However, this could be an attractive opportunity for dividend investors.
When a stock goes ex-dividend, it typically opens lower to reflect the payout, which could lead to a short-term decrease in ENLC's stock price. However, the announcement of a dividend payout can make the stock more attractive to investors seeking regular income, potentially leading to increased demand over the longer term.
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