Tuesday Is Your Last Chance To Buy Magnolia Oil & Gas Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Magnolia Oil & Gas (NYSE:MGY) announced it will pay a quarterly dividend of 11.5 cents per share. The stock will go ex-dividend on Wednesday, meaning it will likely open 11.5 cents lower. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend. The dividend will be paid out on December 01, 2023.
November 03, 2023 | 2:45 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Magnolia Oil & Gas (NYSE:MGY) will pay a quarterly dividend of 11.5 cents per share. The stock will go ex-dividend on Wednesday, which may cause a short-term drop in the stock price.
The announcement of the dividend payout and the ex-dividend date can impact the stock price. As the stock goes ex-dividend, it is expected to open lower, reflecting the payout. This could lead to a short-term drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100