Tuesday Is Your Last Chance To Buy Permianville Royalty Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Permianville Royalty (NYSE:PVL) has announced a monthly dividend of 0.9 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 15, 2023.
August 25, 2023 | 2:45 pm
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Permianville Royalty's announcement of a 0.9 cents per share dividend may attract investors looking for income, potentially driving up the stock price in the short term. However, the stock will trade lower on the ex-dividend date.
Dividend announcements often attract income-focused investors, which can drive up the stock price in the short term. However, stocks typically trade lower on the ex-dividend date as the value of the upcoming dividend is no longer included in the stock price. Therefore, the net impact on the stock price is likely to be neutral.
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