Monday Is Your Last Chance To Buy Tortoise Pipeline Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Tortoise Pipeline (NYSE:TTP) has announced a quarterly dividend of 59 cents per share, with Monday being the last day for investors to buy the stock and be eligible for the dividend. The stock will go ex-dividend on Tuesday, likely opening 59 cents lower. The dividend is scheduled for payment on November 30, 2023.
November 16, 2023 | 2:45 pm
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Tortoise Pipeline is set to pay a quarterly dividend of 59 cents per share, with shares likely to open lower by the dividend amount on the ex-dividend date.
The announcement of a dividend typically leads to a short-term decrease in the stock price equivalent to the dividend amount on the ex-dividend date, as the stock price adjusts for the payout. Investors buying the stock before the ex-dividend date are eligible for the dividend, which may increase demand prior to the date but does not generally affect the price adjustment that occurs on the ex-dividend date.
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