NuStar Energy's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
NuStar Energy (NYSE:NS) has announced a quarterly dividend of 40 cents per share, which will be paid out to shareholders on November 14, 2023. The ex-dividend date is Monday, meaning the stock will likely open 40 cents lower to reflect the payout. Shareholders who own NS as of the end of Friday's session are eligible to receive the dividend.
November 01, 2023 | 2:45 pm
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NEUTRAL IMPACT
NuStar Energy's announcement of a 40 cents per share dividend may lead to a short-term decrease in the stock price due to the ex-dividend date effect. However, the dividend payout could also be seen as a positive signal of the company's profitability.
The ex-dividend date often leads to a decrease in a stock's price equivalent to the dividend amount, as the stock will trade lower to reflect the payout. However, the announcement of a dividend can also be seen as a positive signal of a company's profitability and ability to return cash to shareholders, which could have a positive impact on the stock price in the longer term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100