Monday Is Your Last Chance To Buy CSI Compressco Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
CSI Compressco (NASDAQ:CCLP) has announced a quarterly dividend of 1 cent per share, with Monday being the last day for investors to buy the stock and be eligible for the dividend. The stock will go ex-dividend on Tuesday, meaning it will likely open 1 cent lower. The dividend is scheduled to be paid on February 14, 2024.
January 25, 2024 | 2:45 pm
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CSI Compressco is set to pay a quarterly dividend of 1 cent per share, with the ex-dividend date being this Tuesday. The stock price is expected to open 1 cent lower on the ex-dividend date.
The announcement of a dividend typically leads to a short-term increase in stock price due to the attractiveness of the upcoming payout. However, once the stock goes ex-dividend, the price is adjusted down by the amount of the dividend, reflecting the payout. Therefore, a short-term decrease in stock price is expected on the ex-dividend date.
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