Tuesday Is Your Last Chance To Buy Patria Investments Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Patria Investments (NASDAQ:PAX) announced a quarterly dividend of 39.9 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning PAX by the end of Tuesday are eligible for the dividend, payable on March 08, 2024. The stock is expected to open 39.9 cents lower on the ex-dividend date.

February 16, 2024 | 2:45 pm
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NEUTRAL IMPACT
Patria Investments announces a quarterly dividend of 39.9 cents per share, with the ex-dividend date this Wednesday. Eligible if owned by end of Tuesday, payable on March 08, 2024.
The announcement of a dividend payout typically has a neutral to slightly positive impact on a stock's price in the short term, as it reflects the company's profitability and stability. However, the stock is expected to open lower on the ex-dividend date to reflect the payout, which is a standard practice. The overall impact is neutral because while the dividend announcement is positive, the expected decrease in stock price on the ex-dividend date balances it out.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100