Tuesday Is Your Last Chance To Buy Tortoise Energy Infr Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Tortoise Energy Infr (NYSE:TYG) has announced a quarterly dividend of 71 cents per share. The stock will go ex-dividend on Wednesday, meaning it will likely open 71 cents lower than usual. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend. The dividend will be paid out on August 31, 2023.
August 18, 2023 | 2:45 pm
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Tortoise Energy Infr (NYSE:TYG) will pay a 71 cents per share dividend. The stock will likely open lower on the ex-dividend date.
The announcement of a dividend payout usually leads to a temporary increase in stock price as investors buy in to receive the dividend. However, on the ex-dividend date, the stock price typically drops by about the amount of the dividend payout. In this case, Tortoise Energy Infr's stock is expected to open 71 cents lower on the ex-dividend date.
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