Wednesday Is Your Last Chance To Buy Equitrans Midstream Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Equitrans Midstream (NYSE:ETRN) has announced a quarterly dividend of 15 cents per share. The stock will go ex-dividend on Thursday, meaning it will likely open 15 cents lower. Shareholders who own ETRN as of the end of Wednesday's session are eligible to receive the dividend, which will be paid out on August 14, 2023.
July 31, 2023 | 2:45 pm
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Equitrans Midstream's announcement of a 15 cents per share dividend may cause the stock to open lower on Thursday. Shareholders as of Wednesday's close are eligible for the dividend.
Dividend payouts typically cause a stock's price to decrease by roughly the amount of the dividend on the ex-dividend date. In this case, ETRN's stock is expected to open 15 cents lower on Thursday, the ex-dividend date. This is a direct impact of the dividend announcement.
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