Monday Is Your Last Chance To Buy PBF Energy Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
PBF Energy (NYSE:PBF) has announced a quarterly dividend of 25 cents per share. The stock will go ex-dividend on Tuesday, meaning it will trade lower to reflect the payout. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend. The dividend will be paid out on November 30, 2023.
November 09, 2023 | 2:45 pm
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NEUTRAL IMPACT
PBF Energy's announcement of a 25 cents per share dividend may lead to increased buying activity before the ex-dividend date, potentially boosting the stock price in the short term. However, the stock is expected to trade lower on the ex-dividend date.
The announcement of a dividend often leads to increased buying activity as investors seek to qualify for the dividend payout, potentially boosting the stock price in the short term. However, stocks typically trade lower on the ex-dividend date to reflect the payout, which could offset any short-term gains.
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