Monday Is Your Last Chance To Buy Tortoise Power & Energy Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Tortoise Power & Energy (NYSE:TPZ) announced a monthly dividend of 10.5 cents per share, with Monday being the last day for investors to buy shares and be eligible for the dividend. TPZ will go ex-dividend on Tuesday, which will likely result in the stock opening 10.5 cents lower. The dividend is scheduled to be paid on November 30, 2023.
November 16, 2023 | 2:45 pm
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Tortoise Power & Energy (TPZ) is set to pay a 10.5 cents monthly dividend, with shares needing to be purchased by Monday to be eligible. The stock will likely open lower on Tuesday by the dividend amount.
The stock price of TPZ is expected to drop by the amount of the dividend on the ex-dividend date, which is a common occurrence as the value of the dividend is no longer included in the stock price. This anticipated decrease is typically short-term and reflects the payout rather than a change in the company's fundamentals.
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