Mesa Royalty: Dividend Insights
Portfolio Pulse from Benzinga Insights
Mesa Royalty (NYSE:MTR) has announced a monthly dividend of 5.8 cents per share. The stock will go ex-dividend on Friday, meaning it will likely open 5.8 cents lower. Shareholders who own MTR as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on October 31, 2023.
July 25, 2023 | 2:46 pm
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Mesa Royalty's announcement of a 5.8 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. However, it can lead to a short-term decrease in the stock price.
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