Natural Resources's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Natural Resources (NYSE:NRP) has announced a quarterly dividend of 75 cents per share. The ex-dividend date is Tuesday, meaning the stock will likely open 75 cents lower to reflect the payout. Shareholders who own NRP as of the end of Monday's session are eligible to receive the dividend, which will be paid out on August 23, 2023.
August 10, 2023 | 2:45 pm
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Natural Resources's stock price is expected to open lower on Tuesday due to the ex-dividend status. However, the dividend payout could attract more investors, potentially stabilizing the stock price.
The ex-dividend date is the date on which the stock price is adjusted downwards to reflect the dividend payout. This could lead to a temporary decrease in the stock price. However, the announcement of a dividend payout could also attract more investors, which could help stabilize the stock price in the short term.
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