Evolution Petroleum: Dividend Insights
Portfolio Pulse from Benzinga Insights
Evolution Petroleum (AMEX:EPM) has announced a quarterly dividend of 12 cents per share. The stock will go ex-dividend on Thursday, meaning it will likely open 12 cents lower. Shareholders who own EPM as of the end of Wednesday's session are eligible to receive the dividend, which will be paid out on September 29, 2023.
September 18, 2023 | 2:46 pm
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NEGATIVE IMPACT
Evolution Petroleum's announcement of a 12 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.
The announcement of a dividend often leads to a decrease in the stock price on the ex-dividend date. This is because the stock price is adjusted to reflect the payout. However, this is a normal part of the dividend process and does not reflect negatively on the company's performance. Investors who hold the stock until the end of Wednesday's session will receive the dividend.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100