Wednesday Is Your Last Chance To Buy San Juan Basin Royalty Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
San Juan Basin Royalty (NYSE:SJT) has announced a monthly dividend of 5.38 cents per share. The stock will go ex-dividend on Thursday, 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 16, 2023.
September 25, 2023 | 2:45 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
San Juan Basin Royalty's stock price is expected to decrease by the amount of the dividend (5.38 cents) on the ex-dividend date. This is a normal occurrence and does not reflect negatively on the company.
When a stock goes ex-dividend, the price of the stock is expected to decrease by the amount of the dividend. This is because the company's assets decrease by the amount of the dividend payout. However, this is a normal occurrence and does not reflect negatively on the company. Investors who own the stock prior to the ex-dividend date will receive the dividend, offsetting the decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100