Kimbell Royalty Partners's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Kimbell Royalty Partners (NYSE:KRP) announced a quarterly dividend of 39 cents per share. The stock will go ex-dividend on Friday, meaning it will likely open 39 cents lower. Shareholders owning KRP by the end of Thursday's session will be eligible for the dividend, which will be paid out on August 21, 2023.
August 08, 2023 | 2:45 pm
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Kimbell Royalty Partners announced a quarterly dividend of 39 cents per share. The stock will go ex-dividend on Friday, which may cause the stock to open lower.
Dividend announcements typically have a short-term impact on a company's stock price. In this case, KRP's stock is expected to open lower on the ex-dividend date as the stock price adjusts to reflect the dividend payout. This could potentially lead to a short-term decrease in the stock price.
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