Monday Is Your Last Chance To Buy Marathon Oil Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Marathon Oil (NYSE:MRO) announced a quarterly dividend of 11 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning MRO stock by the end of Monday are eligible for the dividend, payable on March 11, 2024.

February 15, 2024 | 2:45 pm
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NEUTRAL IMPACT
Marathon Oil announces a quarterly dividend of 11 cents per share, with the ex-dividend date this Tuesday. Eligibility requires ownership by end of Monday, with payment on March 11, 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 high due to the direct financial benefit to shareholders, but the impact score is neutral because the price adjustment on the ex-dividend date is a predictable, routine event.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100