Wednesday Is Your Last Chance To Buy MPLX Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
MPLX (NYSE:MPLX) has announced a quarterly dividend of 77.5 cents per share, which will be paid out to shareholders on August 14, 2023. To be eligible for this dividend, shareholders must own the stock prior to the ex-dividend date, which is Thursday. The stock will likely open 77.5 cents lower on Thursday to reflect the payout.
July 31, 2023 | 2:45 pm
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MPLX's stock price is expected to open lower on Thursday due to the dividend payout. However, this is a regular occurrence and does not reflect negatively on the company's performance.
The announcement of a dividend payout often leads to a decrease in the stock price on the ex-dividend date. This is because the stock price is adjusted to reflect the payout. However, this is a regular occurrence and does not indicate any negative performance by the company. Therefore, the impact on the stock price is neutral in the short term.
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