Coterra Energy's Ex-Dividend Date Is Wednesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Coterra Energy (NYSE:CTRA) announced a quarterly dividend of 20 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning the stock by the end of Tuesday are eligible for the dividend, payable on November 30, 2023. The stock is expected to open 20 cents lower on the ex-dividend date.
November 10, 2023 | 2:45 pm
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Coterra Energy will pay a quarterly dividend of 20 cents per share, with the ex-dividend date being this Wednesday. The stock is likely to open 20 cents lower to reflect the dividend payout.
The stock price of Coterra Energy is likely to decrease in the short term by the amount of the dividend, as the ex-dividend date typically reflects the dividend payment in the stock price. This is a common occurrence and is usually priced in by the market.
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