Thursday Is Your Last Chance To Buy Dorchester Minerals Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Dorchester Minerals (NASDAQ:DMLP) has announced a quarterly dividend of $1.0079 per share, with Thursday being the last day for investors to buy the stock and be eligible for the dividend. The stock will go ex-dividend on Friday, meaning it will likely open $1.0079 lower to reflect the payout. The dividend is scheduled to be paid on February 08, 2024.
January 23, 2024 | 2:45 pm
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Dorchester Minerals is set to pay a $1.0079/share dividend. Thursday is the last day to buy the stock to be eligible for this dividend, with the ex-dividend date being Friday.
The stock price of DMLP is likely to drop 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, reflecting the value of the dividend being paid out. Investors looking for dividend income have a high relevance to this news, and the importance is significant for those considering buying the stock for the dividend.
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