Wednesday Is Your Last Chance To Buy Permian Basin Royalty Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Permian Basin Royalty (NYSE:PBT) has announced a monthly dividend of 2.24 cents per share. The stock will go ex-dividend on Thursday, meaning it will likely open 2.24 cents lower. Shareholders who own PBT as of the end of Wednesday's session are eligible to receive the dividend, which will be paid out on October 16, 2023.
September 25, 2023 | 2:45 pm
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PBT has announced a dividend of 2.24 cents per share. The stock will go ex-dividend on Thursday and is expected to open lower. The dividend will be paid out on October 16, 2023.
The announcement of the dividend and the ex-dividend date will likely cause a short-term decrease in the stock price as it adjusts to reflect the payout. However, this is a normal occurrence and does not necessarily indicate a negative outlook for the company. The dividend payout can be seen as a positive sign of the company's profitability and ability to return capital to shareholders.
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