EnLink Midstream's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
EnLink Midstream (NYSE:ENLC) has announced a quarterly dividend of 12.5 cents per share. The ex-dividend date is Thursday, meaning the stock will likely open 12.5 cents lower to reflect the payout. Shareholders who own ENLC as of the end of Wednesday's session are eligible to receive the dividend, which will be paid out on November 10, 2023.
October 23, 2023 | 2:45 pm
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EnLink Midstream's announcement of a 12.5 cents per share dividend may cause the stock to open lower on the ex-dividend date. The dividend will be paid out on November 10, 2023.
The announcement of a dividend often leads to a decrease in the stock price on the ex-dividend date, as the stock price is adjusted to reflect the payout. This is likely to happen with ENLC on the ex-dividend date. However, the dividend payout can also be seen as a positive signal of the company's profitability and commitment to returning value to shareholders.
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