Petrobras Brasileiro's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Petrobras Brasileiro (NYSE:PBR) has announced a quarterly dividend of 14.96 cents per share. The ex-dividend date is Tuesday, meaning the stock will likely open 14.96 cents lower to reflect the payout. Shareholders who own PBR as of the end of Monday's session are eligible to receive the dividend, which will be paid out on November 30, 2023.
August 17, 2023 | 2:45 pm
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Petrobras Brasileiro's stock is likely to open lower on Tuesday due to the ex-dividend date. The dividend payout may attract investors looking for income, potentially increasing demand for the stock.
The ex-dividend date is the date on which the stock price is adjusted downwards to reflect the dividend payout. This typically results in a temporary decrease in the stock price. However, the announcement of a dividend can also attract income-focused investors, potentially increasing demand for the stock.
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