Hess Midstream: Dividend Insights
Portfolio Pulse from Benzinga Insights
Hess Midstream (NYSE:HESM) announced a quarterly dividend of 61.75 cents per share. The stock will go ex-dividend on Wednesday, meaning it will likely open 61.75 cents lower. Shareholders owning HESM by the end of Tuesday's session will be eligible for the dividend, which will be paid out on November 14, 2023.
October 27, 2023 | 2:45 pm
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Hess Midstream's announcement of a 61.75 cents per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend. However, this is a regular part of the dividend process and not indicative of the company's overall performance.
When a stock goes ex-dividend, it typically opens lower on the ex-dividend date to reflect the payout. This is a standard part of the dividend process and does not reflect negatively on the company's performance. However, it can lead to short-term price volatility.
CONFIDENCE 90
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