MV Oil's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
MV Oil (NYSE:MVO) has announced a quarterly dividend of 38 cents per share. The ex-dividend date is Friday, meaning the stock will likely trade lower to reflect the payout. Shareholders who own MVO as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on October 25, 2023.
October 10, 2023 | 2:45 pm
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MV Oil's announcement of a 38 cents per share dividend may cause the stock to trade lower on the ex-dividend date. Shareholders as of Thursday's session end are eligible for the dividend.
Dividend payouts typically cause a company's stock price to decrease by roughly the amount of the dividend on the ex-dividend date. In this case, MV Oil's stock is expected to open 38 cents lower on the ex-dividend date. This is a direct impact of the dividend announcement.
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