Coterra Energy's Ex-Dividend Date Is Wednesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Coterra Energy (NYSE:CTRA) has announced a quarterly dividend of 20 cents per share. The ex-dividend date is Wednesday, meaning the stock will likely open 20 cents lower to reflect the payout. Shareholders who own CTRA as of the end of Tuesday's session are eligible to receive the dividend, which will be paid out on August 31, 2023.
August 11, 2023 | 2:45 pm
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Coterra Energy's announcement of a 20 cents per share dividend may cause the stock to open lower on the ex-dividend date. The dividend will be paid out on August 31, 2023.
Dividends are typically factored into a company's stock price. When a company goes ex-dividend, the stock price is often adjusted downwards to reflect the payout, which could lead to a short-term decrease in Coterra Energy's stock price.
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