Suburban Propane Partners's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Suburban Propane Partners (NYSE:SPH) has announced a quarterly dividend of 32.5 cents per share. The company will go ex-dividend on Monday, meaning the stock will likely open 32.5 cents lower. Shareholders who own SPH as of the end of Friday's session are eligible to receive the dividend, which will be paid out on November 14, 2023.
November 01, 2023 | 2:45 pm
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Suburban Propane Partners has announced a dividend payout, which will likely cause the stock to open lower on the ex-dividend date. The dividend will be paid out on November 14, 2023.
Dividend payouts typically cause a company's stock price to drop by the amount of the dividend on the ex-dividend date. In this case, Suburban Propane Partners has announced a dividend of 32.5 cents per share, which will likely cause the stock to open lower on the ex-dividend date. However, this is a normal occurrence and does not necessarily indicate a negative outlook for the company.
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