Permian Basin Royalty: Dividend Insights
Portfolio Pulse from Benzinga Insights
Permian Basin Royalty (NYSE:PBT) has announced a monthly dividend of 4.29 cents per share. The stock will go ex-dividend on Monday, meaning it will trade lower to reflect the payout. Shareholders who own PBT as of the end of Friday's session are eligible to receive the dividend, which will be paid out on November 14, 2023.
October 25, 2023 | 2:45 pm
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Permian Basin Royalty's announcement of a monthly dividend of 4.29 cents per share will likely cause the stock to trade lower on Monday when it goes ex-dividend.
Dividend payouts typically cause a stock's price to decrease by roughly the amount of the dividend on the ex-dividend date. In this case, PBT's stock is expected to open 4.29 cents lower on Monday, reflecting the announced dividend.
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