Kimbell Royalty Partners: Dividend Insights
Portfolio Pulse from Benzinga Insights
Kimbell Royalty Partners (NYSE:KRP) has announced a quarterly dividend of 51 cents per share. The stock will go ex-dividend on Friday, meaning it will likely open 51 cents lower. Shareholders who own KRP as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on November 20, 2023.
November 07, 2023 | 2:45 pm
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Kimbell Royalty Partners has announced a quarterly dividend of 51 cents per share. The stock will likely open lower on the ex-dividend date.
The announcement of a dividend typically leads to a temporary increase in the stock price as investors buy in to receive the dividend. However, on the ex-dividend date, the stock price usually drops by about the amount of the dividend, as the company's assets have effectively decreased by the amount of the total dividend payout. In this case, KRP's stock is expected to open 51 cents lower on the ex-dividend date.
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