Tortoise Pipeline's Ex-Dividend Date Is Wednesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Tortoise Pipeline (NYSE:TTP) has announced a quarterly dividend of 59 cents per share. The ex-dividend date is Wednesday, meaning the stock will likely trade lower to reflect the payout. Shareholders who own TTP as of the end of Tuesday's session are eligible to receive the dividend, which will be paid out on August 31, 2023.
August 18, 2023 | 2:45 pm
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Tortoise Pipeline's announcement of a 59 cents per share dividend may cause the stock to trade 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 the stock price. However, the impact of the dividend payout on the stock price can vary based on market conditions and investor sentiment.
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