MPLX: Dividend Insights
Portfolio Pulse from Benzinga Insights
MPLX (NYSE:MPLX) has announced a quarterly dividend of 85 cents per share. The stock will go ex-dividend on Thursday, meaning it will likely open 85 cents lower. Shareholders who own MPLX as of the end of Wednesday's session are eligible to receive the dividend, which will be paid out on November 13, 2023.
October 30, 2023 | 2:45 pm
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MPLX's announcement of a quarterly dividend of 85 cents per share 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 a reflection of the company's performance.
When a stock goes ex-dividend, it typically opens lower on the ex-dividend date to reflect the payout. This is a standard process and does not indicate any issues with the company's performance. However, it can lead to short-term price volatility.
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