CrossAmerica Partners's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
CrossAmerica Partners (NYSE:CAPL) has announced a quarterly dividend of 52.5 cents per share. The stock will go ex-dividend on Thursday, meaning it will trade lower to reflect the payout. Shareholders who own CAPL as of the end of Wednesday's session are eligible to receive the dividend, which will be paid out on August 11, 2023.
July 31, 2023 | 2:45 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
CrossAmerica Partners' stock is expected to trade lower on Thursday due to the ex-dividend date. The dividend will be paid out on August 11, 2023.
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. However, this does not necessarily mean a loss for investors as they will receive the dividend on August 11, 2023.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100