Pennant Park Investment's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Pennant Park Investment (NYSE:PNNT) announced a monthly dividend of 7 cents per share, with the ex-dividend date set for Friday. Shareholders owning PNNT stock by the end of Thursday are eligible for the dividend, which will be paid on February 1, 2024. The stock is expected to open 7 cents lower on the ex-dividend date.
January 09, 2024 | 2:45 pm
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Pennant Park Investment will pay a 7 cents per share dividend, with shares expected to open lower by the dividend amount on the ex-dividend date.
The stock price of PNNT 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 the market.
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