Thursday Is Your Last Chance To Buy Holly Energy Partners Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Holly Energy Partners (NYSE:HEP) has announced a quarterly dividend of 35 cents per share. The stock will go ex-dividend on Friday, meaning it will likely open 35 cents lower. Shareholders who own HEP as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on August 11, 2023.
July 25, 2023 | 2:46 pm
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Holly Energy Partners has announced a dividend payout, which will likely cause the stock to open lower on the ex-dividend date. The dividend will be paid out on August 11, 2023.
The announcement of a dividend payout often leads to a decrease in the stock price on the ex-dividend date, as the stock price adjusts to reflect the payout. This is likely to happen with HEP. However, the dividend payout can also be seen as a positive sign of the company's profitability and commitment to returning value to shareholders.
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