Wednesday Is Your Last Chance To Buy Star Group Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Star Group (NYSE:SGU) has announced a quarterly dividend of 16.25 cents per share, to be paid out to shareholders on October 30, 2023. 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.
October 16, 2023 | 2:45 pm
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Star Group's announcement of a 16.25 cents per share dividend may lead to increased buying before the ex-dividend date, potentially boosting the stock price in the short term.
Dividend announcements often lead to increased buying activity as investors seek to qualify for the payout, which can boost the stock price in the short term. However, the stock may trade lower on the ex-dividend date as it adjusts for the payout.
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