Permianville Royalty's Ex-Dividend Date Is Wednesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Permianville Royalty (NYSE:PVL) announced a monthly dividend of 7.73 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning PVL stock by the end of Tuesday's session will be eligible for the dividend, which will be paid out on November 22, 2023. The stock is expected to open 7.73 cents lower on the ex-dividend date.
November 10, 2023 | 2:45 pm
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Permianville Royalty will pay a monthly dividend of 7.73 cents per share, with the ex-dividend date being this Wednesday. The stock price is expected to open lower by the dividend amount on the ex-dividend date.
The stock price is likely to decrease by the amount of the dividend on the ex-dividend date, which is a common occurrence as the value of the dividend is no longer included in the stock price. This is a predictable short-term impact directly related to the dividend payout.
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