Tortoise Midstream Energy's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Tortoise Midstream Energy (NYSE:NTG) announced a quarterly dividend of 77 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning NTG stock by the end of Monday are eligible for the dividend, which will be paid on November 30, 2023. The stock is expected to open 77 cents lower on the ex-dividend date.
November 16, 2023 | 2:45 pm
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Tortoise Midstream Energy (NTG) will likely see its stock price open lower by the amount of the dividend (77 cents) on the ex-dividend date.
Stocks typically drop by the amount of the dividend on the ex-dividend date as the dividend value is factored out of the stock price. Since NTG is paying a 77 cents dividend, it's expected that the stock will open lower by a corresponding amount, reflecting the payout.
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