Thursday Is Your Last Chance To Buy Energy Transfer Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Energy Transfer (NYSE:ET) has announced a quarterly dividend of 31.25 cents per share. The stock will go ex-dividend on Friday, 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. The dividend will be paid out on November 20, 2023.
October 24, 2023 | 2:45 pm
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NEUTRAL IMPACT
Energy Transfer's stock is expected to trade lower on Friday due to the ex-dividend date. The dividend payout may attract investors, potentially increasing demand for the stock before the ex-dividend date.
The announcement of a dividend payout often attracts investors who are interested in receiving the dividend. This could increase demand for the stock before the ex-dividend date. However, the stock is expected to trade lower on the ex-dividend date to reflect the payout, which could offset any potential gains.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100