Thursday Is Your Last Chance To Buy Genie Energy Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Genie Energy (NYSE:GNE) announced a quarterly dividend of 7.5 cents per share, with the ex-dividend date set for Friday. Shareholders owning GNE stock by the end of Thursday are eligible for the dividend, payable on February 28, 2024.
February 13, 2024 | 2:45 pm
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NEUTRAL IMPACT
Genie Energy announces a quarterly dividend of 7.5 cents per share, with eligibility for shareholders owning the stock by Thursday's close. The dividend is payable on February 28, 2024.
The announcement of a dividend payout typically has a neutral to slightly positive impact on a stock's price in the short term. However, the stock is expected to open lower on the ex-dividend date to reflect the payout, which is a standard practice. The importance is rated at 75 due to the direct financial benefit to shareholders, but the score remains neutral as the price adjustment on the ex-dividend date is an expected, routine occurrence.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100