MV Oil's Ex-Dividend Date Is Wednesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
MV Oil (NYSE:MVO) has announced a quarterly dividend of 35 cents per share. The ex-dividend date is Wednesday, meaning the stock will likely open 35 cents lower to reflect the payout. Shareholders who own MVO as of the end of Tuesday's session are eligible to receive the dividend, which will be paid out on September 21, 2023.
September 01, 2023 | 2:45 pm
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MV Oil's announcement of a 35 cents per share dividend may cause the stock to open lower on the ex-dividend date, Wednesday. The dividend will be paid out on September 21, 2023.
Dividends are typically factored into a company's stock price. When a company goes ex-dividend, the stock price is often adjusted downward to account for the payout. Therefore, MV Oil's stock price is likely to open lower on the ex-dividend date. However, this is a temporary effect and the stock price may recover in the following trading sessions.
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