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.
CONFIDENCE 90
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