Sabine Royalty: Dividend Insights
Portfolio Pulse from Benzinga Insights
Sabine Royalty (NYSE:SBR) has announced a monthly dividend of 43.72 cents per share, with the ex-dividend date set for Friday. Shareholders must own the stock before this date to be eligible for the dividend, which will be paid on January 30, 2024. The stock is expected to open 43.72 cents lower on the ex-dividend date to reflect the payout.
January 09, 2024 | 2:45 pm
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Sabine Royalty (SBR) will pay a monthly dividend of 43.72 cents per share, with the ex-dividend date approaching on Friday. The stock price is expected to adjust lower by the dividend amount on the ex-dividend date.
The stock price is likely to decrease by the amount of the dividend on the ex-dividend date as the value of the dividend is accounted for in the stock price. This is a common occurrence and is typically priced in by the market.
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RELEVANCE 100