Sabine Royalty's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Sabine Royalty (NYSE:SBR) announced a monthly dividend of $1.1431 per share, with the ex-dividend date set for Thursday. Shareholders owning the stock by the end of Wednesday are eligible for the dividend, which will be paid on December 29, 2023. The stock is expected to open lower on the ex-dividend date by the amount of the dividend.
December 11, 2023 | 2:45 pm
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Sabine Royalty (SBR) will pay a $1.1431 per share dividend with the ex-dividend date on Thursday. The stock is expected to open lower by the dividend amount on the ex-dividend date.
The stock price of SBR is likely to decrease in the short term by the amount of the dividend on the ex-dividend date, as the dividend payout is factored into the stock price. This is a common occurrence with stocks on their ex-dividend date. The importance is rated high because dividends are a significant event for shareholders, but not at the maximum because it is a regular and expected part of the stock's performance. The confidence level is high due to the predictable nature of the ex-dividend price adjustment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100