Aris Water Solutions: Dividend Insights
Portfolio Pulse from Benzinga Insights
Aris Water Solutions (NYSE:ARIS) announced a quarterly dividend of 9 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 21, 2023. The stock is expected to open 9 cents lower on the ex-dividend date to reflect the payout.
December 01, 2023 | 2:45 pm
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Aris Water Solutions will pay a quarterly dividend of 9 cents per share, with shares trading ex-dividend on Wednesday. The stock price will likely open lower by the dividend amount on the ex-dividend date.
The stock price of Aris Water Solutions is likely to decrease in the short term by the amount of the dividend on the ex-dividend date, as the market adjusts for the payout. This is a common occurrence when stocks go ex-dividend and is typically a temporary adjustment rather than a reflection of the company's fundamentals.
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