Sabine Royalty: Dividend Insights
Portfolio Pulse from Benzinga Insights
Sabine Royalty (NYSE:SBR) has announced a monthly dividend of 27.87 cents per share. The stock will go ex-dividend on Friday, meaning it will trade lower to reflect the payout. Shareholders who own SBR as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on October 30, 2023.
October 10, 2023 | 2:45 pm
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Sabine Royalty's announcement of a 27.87 cents per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend. However, this could attract income-focused investors.
When a stock goes ex-dividend, it typically trades lower to reflect the payout, which could lead to a short-term decrease in Sabine Royalty's stock price. However, the announcement of a dividend can also attract income-focused investors, potentially leading to increased demand for the stock in the longer term.
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