Tuesday Is Your Last Chance To Buy Northern Oil & Gas Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Northern Oil & Gas (NYSE:NOG) has announced a quarterly dividend of 38 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 October 31, 2023.
September 22, 2023 | 2:45 pm
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Northern Oil & Gas has announced a dividend payout, which will likely cause the stock to trade lower on the ex-dividend date. This could impact short-term trading strategies.
Dividend payouts typically cause a stock's price to decrease by roughly the amount of the dividend on the ex-dividend date. This is because the company's assets decrease by the amount of the dividend payout. Therefore, it's likely that NOG's stock price will decrease in the short term.
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