Thursday Is Your Last Chance To Buy Portman Ridge Finance Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Portman Ridge Finance (NASDAQ:PTMN) announced a quarterly dividend of 69 cents per share, with the ex-dividend date set for Friday. Shareholders owning PTMN stock by the end of Thursday are eligible for the dividend, which will be paid on November 30, 2023. The stock is expected to open 69 cents lower on the ex-dividend date.
November 14, 2023 | 2:45 pm
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Portman Ridge Finance (PTMN) is set to pay a quarterly dividend of 69 cents per share, with shares expected to open lower by the same amount on the ex-dividend date.
The announcement of a dividend typically leads to a short-term decrease in the stock price by the amount of the dividend on the ex-dividend date, as the dividend payout is factored into the stock price. Since PTMN is expected to open 69 cents lower on the ex-dividend date, this represents a direct impact on the stock price in the short term.
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