Patria Investments's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Patria Investments (NASDAQ:PAX) has announced a quarterly dividend of 25.1 cents per share. The ex-dividend date is Tuesday, meaning the stock will likely open 25.1 cents lower to reflect the payout. Shareholders who own PAX as of the end of Monday's session are eligible to receive the dividend, which will be paid out on September 08, 2023.
August 10, 2023 | 2:45 pm
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Patria Investments (NASDAQ:PAX) has announced a quarterly dividend of 25.1 cents per share. The ex-dividend date is Tuesday, which will likely cause the stock to open lower.
The announcement of a dividend typically leads to a temporary increase in the stock price as investors buy in to receive the dividend. However, on the ex-dividend date, the stock price usually drops by approximately the amount of the dividend, as the company's value is reduced by the amount of the dividend payout. In this case, Patria Investments' stock is expected to open 25.1 cents lower on Tuesday.
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