Permian Basin Royalty: Dividend Insights
Portfolio Pulse from Benzinga Insights
Permian Basin Royalty (NYSE:PBT) has announced a monthly dividend of 2.17 cents per share. The stock will go ex-dividend on Friday, meaning it will trade lower to reflect the payout. Shareholders who own PBT as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on August 14, 2023.
July 25, 2023 | 2:45 pm
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Permian Basin Royalty's announcement of a monthly dividend of 2.17 cents per share will likely cause the stock to trade lower on Friday. Shareholders as of Thursday's session end are eligible for the dividend.
Dividend announcements typically cause a stock's price to adjust downwards on the ex-dividend date to reflect the payout. As PBT has announced a dividend, it is expected that the stock will trade lower on the ex-dividend date, which is Friday.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100