Tuesday Is Your Last Chance To Buy Pennant Park Investment Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Tuesday is the last day for investors to buy Pennant Park Investment (NYSE:PNNT) shares to be eligible for its quarterly dividend payout of 7 cents per share. PNNT will go ex-dividend on Wednesday, and the stock is expected to open 7 cents lower to reflect the dividend payout. The dividend will be paid on December 01, 2023, to shareholders who own the stock by the end of Tuesday's session.
November 10, 2023 | 2:45 pm
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Pennant Park Investment (NYSE:PNNT) will pay a quarterly dividend of 7 cents per share, with shares expected to open lower by the dividend amount on the ex-dividend date.
The stock price of PNNT is likely to decrease in the short term by the amount of the dividend payout, as stocks typically drop by the dividend amount on the ex-dividend date. This is a common occurrence and is factored into the price by market participants.
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