Monday Is Your Last Chance To Buy New Jersey Resources Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
New Jersey Resources (NYSE:NJR) announced a quarterly dividend of 42 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning the stock by the end of Monday are eligible for the dividend, which will be paid on January 2, 2024. The stock is expected to open 42 cents lower on the ex-dividend date.
December 07, 2023 | 2:45 pm
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New Jersey Resources is set to pay a quarterly dividend of 42 cents per share, with shares expected to open lower by the same amount on the ex-dividend date.
The stock price of NJR 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 and is typically priced in by investors.
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