Tuesday Is Your Last Chance To Buy Barnwell Industries Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Barnwell Industries (AMEX:BRN) has announced a quarterly dividend of 1.5 cents per share. The stock will go ex-dividend on Wednesday, meaning it will trade lower to reflect the payout. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend. The dividend will be paid out on September 11, 2023.
August 18, 2023 | 2:45 pm
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Barnwell Industries is set to pay a quarterly dividend of 1.5 cents per share. The stock will likely trade lower on Wednesday as it goes ex-dividend.
The announcement of a dividend payout typically leads to a short-term increase in the stock price as investors buy in to qualify for the dividend. However, the stock price usually drops on the ex-dividend date as the market adjusts for the payout. In this case, Barnwell Industries' stock is expected to open 1.5 cents lower on Wednesday.
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