Civeo's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Civeo (NYSE:CVEO) has announced a quarterly dividend of 25 cents per share. The ex-dividend date is Thursday, meaning the stock will likely trade lower to reflect the payout. Shareholders owning CVEO as of the end of Wednesday's session are eligible for the dividend, which will be paid out on September 29, 2023.
September 11, 2023 | 2:45 pm
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Civeo's stock price is expected to trade lower on the ex-dividend date due to the payout of a 25 cents per share dividend. Shareholders as of Wednesday's session end are eligible for the dividend.
The ex-dividend date is the deadline for investors to be eligible for a company's dividend payout. On this date, the stock price typically drops by roughly the same amount as the dividend payout per share. In this case, Civeo's stock price is expected to drop by about 25 cents per share, the amount of the dividend, which could lead to a short-term negative impact on the stock price.
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