Marine Petroleum Trust's Ex-Dividend Date Is Wednesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Marine Petroleum Trust (NASDAQ:MARPS) announced a quarterly dividend of 8.37 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning the stock by the end of Tuesday are eligible for the dividend, which will be paid on December 28, 2023. The stock is expected to open 8.37 cents lower on the ex-dividend date.
November 24, 2023 | 2:45 pm
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Marine Petroleum Trust has declared a quarterly dividend of 8.37 cents per share, with an ex-dividend date this Wednesday. The stock price is expected to adjust lower by the dividend amount on the ex-dividend date.
The stock price is likely to drop by the amount of the dividend on the ex-dividend date as the dividend value is accounted for in the stock price. This is a common occurrence and is typically priced in by the market.
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