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
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
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.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100