Wednesday Is Your Last Chance To Buy Matador Resources Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Matador Resources (NYSE:MTDR) announced a quarterly dividend of 20 cents per share, with Wednesday being the last day for investors to buy the stock to be eligible for the dividend. The stock will go ex-dividend on Thursday, likely opening 20 cents lower. The dividend payout is scheduled for March 13, 2024.
February 19, 2024 | 2:45 pm
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NEUTRAL IMPACT
Matador Resources announces a quarterly dividend of 20 cents per share, with the ex-dividend date set for Thursday. The dividend payout is scheduled for March 13, 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 dividend payout, which is a standard practice. The overall impact on the stock price is neutral because while dividends are positive news, the adjustment in stock price on the ex-dividend date is expected and already accounted for by the market.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100