Chord Energy: Dividend Insights
Portfolio Pulse from Benzinga Insights
Chord Energy (NASDAQ:CHRD) has announced a quarterly dividend of $1.25 per share. The stock will go ex-dividend on Monday, meaning it will likely open $1.25 lower. Shareholders who own CHRD as of the end of Friday's session are eligible to receive the dividend, which will be paid out on August 29, 2023.
August 09, 2023 | 2:45 pm
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Chord Energy's announcement of a $1.25 per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend. However, this is a regular part of the dividend process and not necessarily indicative of the company's overall performance.
When a stock goes ex-dividend, it typically trades lower to reflect the payout. This is a normal part of the dividend process and does not necessarily reflect negatively on the company's overall performance. However, it can lead to short-term price volatility.
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