Tuesday Is Your Last Chance To Buy Hess Midstream Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Hess Midstream (NYSE:HESM) announced it will pay shareholders a quarterly dividend of 60.11 cents per share. The stock will go ex-dividend on Wednesday, meaning it will trade lower to reflect the payout. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend. The dividend will be paid out on August 14, 2023.
July 28, 2023 | 2:45 pm
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Hess Midstream's stock is expected to trade lower on Wednesday due to the dividend payout. Shareholders as of Tuesday's session end are eligible for the dividend.
The stock price is expected to decrease by the amount of the dividend on the ex-dividend date. This is a common occurrence as the company's value decreases by the amount of the dividend payout. Investors who own the stock by the end of Tuesday's session will be eligible for the dividend, potentially increasing demand for the stock in the short term.
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