Ranger Energy Services's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Ranger Energy Services (NYSE:RNGR) has announced a quarterly dividend of 5 cents per share. The ex-dividend date is Thursday, meaning the stock will likely open 5 cents lower to reflect the payout. Shareholders who own RNGR as of the end of Wednesday's session are eligible to receive the dividend, which will be paid out on September 08, 2023.
August 14, 2023 | 2:45 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Ranger Energy Services has announced a quarterly dividend of 5 cents per share. The stock is expected to open lower on the ex-dividend date, Thursday.
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 roughly the amount of the dividend, as the company's assets have effectively decreased by the amount of the dividend payout. In this case, Ranger Energy Services' stock is expected to open lower on the ex-dividend date.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100