Wednesday Is Your Last Chance To Buy Granite Ridge Resources Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Granite Ridge Resources (NYSE:GRNT) announced a quarterly dividend of 11 cents per share, with the ex-dividend date being Thursday. Shareholders must own the stock before this date to be eligible for the dividend, which will be paid on December 15, 2023. The stock is expected to open 11 cents lower on the ex-dividend date.
November 27, 2023 | 2:45 pm
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Granite Ridge Resources (NYSE:GRNT) will pay an 11 cents per share dividend, with shares likely to open lower by the dividend amount on the ex-dividend date.
The stock price of GRNT is likely to decrease in the short term by the amount of the dividend on the ex-dividend date, as the stock price adjusts for the dividend payout. This is a common occurrence and is typically priced in by the market.
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IMPORTANCE 75
RELEVANCE 100