Monday Is Your Last Chance To Buy Tortoise Energy Infr Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Monday is the last day for investors to buy Tortoise Energy Infr (NYSE:TYG) to be eligible for its quarterly dividend payout of 71 cents per share. TYG will go ex-dividend on Tuesday, which will likely result in the stock opening 71 cents lower. The dividend is scheduled to be paid on November 30, 2023.
November 16, 2023 | 2:45 pm
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Tortoise Energy Infr (NYSE:TYG) will pay a quarterly dividend of 71 cents per share, with the ex-dividend date set for Tuesday. The stock is expected to open lower by the dividend amount on that day.
The stock price of TYG is likely to decrease in the short term by the amount of the dividend payout as it goes ex-dividend. This is a common occurrence as the value of the dividend is accounted for in the stock price. The importance is high as dividends are a significant event for shareholders, but not at the maximum because it is a regular quarterly event. The confidence level is high due to the predictable nature of ex-dividend price adjustments.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100