Sabine Royalty's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Sabine Royalty (NYSE:SBR) has announced a monthly dividend of 72.08 cents per share. The ex-dividend date is Tuesday, meaning the stock will likely open 72.08 cents lower to reflect the payout. Shareholders owning SBR as of the end of Monday's session are eligible for the dividend, which will be paid out on November 29, 2023.
November 09, 2023 | 2:45 pm
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Sabine Royalty's stock price is expected to open lower on Tuesday due to the dividend payout. The dividend will be paid out to shareholders on November 29, 2023.
The announcement of a dividend often leads to a decrease in the stock price on the ex-dividend date. This is because the amount of the dividend is subtracted from the company's assets, which impacts the stock price. In this case, Sabine Royalty's stock price is expected to open lower on Tuesday to reflect the 72.08 cents per share dividend payout.
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