Crestwood Equity Partners: Dividend Insights
Portfolio Pulse from Benzinga Insights
Crestwood Equity Partners (NYSE:CEQP) has announced a quarterly dividend of 65.5 cents per share. The stock will go ex-dividend on Friday, meaning it will likely open 65.5 cents lower. Shareholders who own CEQP as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on October 31, 2023.
October 17, 2023 | 2:45 pm
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Crestwood Equity Partners has announced a quarterly dividend of 65.5 cents per share. The stock will likely open lower on the ex-dividend date, which is Friday.
The announcement of a dividend typically leads to a temporary increase in the stock price as investors buy in to receive the dividend. However, on the ex-dividend date, the stock price usually drops by approximately the amount of the dividend, as the company's assets have effectively decreased by the amount of the dividend payout. In this case, Crestwood Equity Partners' stock is expected to open lower on the ex-dividend date.
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