Euronav: Dividend Insights
Portfolio Pulse from Benzinga Insights
Euronav (NYSE:EURN) has announced a quarterly dividend of 80 cents per share. The stock will go ex-dividend on Wednesday, meaning it will likely open 80 cents lower. Shareholders who own EURN as of the end of Tuesday's session are eligible to receive the dividend, which will be paid out on September 19, 2023.
September 01, 2023 | 2:45 pm
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NEUTRAL IMPACT
Euronav's announcement of an 80 cents per share dividend may cause the stock to open lower on the ex-dividend date. However, this is a regular part of the dividend process and not a reflection of the company's performance.
When a company announces a dividend, the stock price typically adjusts down on the ex-dividend date by the amount of the dividend. This is a standard part of the dividend process and does not reflect negatively on the company. Investors who hold the stock through the ex-dividend date will receive the dividend, offsetting the drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100