Mesa Royalty: Dividend Insights
Portfolio Pulse from Benzinga Insights
Mesa Royalty (NYSE:MTR) has announced a monthly dividend of 1.71 cents per share. The stock will go ex-dividend on Monday, meaning it will likely open 1.71 cents lower. Shareholders who own MTR as of the end of Friday's session are eligible to receive the dividend, which will be paid out on January 31, 2024.
October 25, 2023 | 2:45 pm
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Mesa Royalty's announcement of a monthly dividend of 1.71 cents per share will likely cause the stock to open lower on Monday when it goes ex-dividend. The dividend will be paid out on January 31, 2024.
The announcement of a dividend often leads to a decrease in the stock's price equal to the amount of the dividend as the company's retained earnings decrease. In this case, Mesa Royalty's stock is expected to open 1.71 cents lower on Monday when it goes ex-dividend. This is a direct impact on the stock's price in the short term.
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