Marine Petroleum Trust: Dividend Insights
Portfolio Pulse from Benzinga Insights
Marine Petroleum Trust (NASDAQ:MARPS) announced a quarterly dividend of 10.16 cents per share, going ex-dividend on Wednesday. Shareholders owning the stock by the end of Tuesday are eligible for the payout on March 28, 2024. The stock is expected to open lower by the dividend amount on the ex-dividend date.
February 23, 2024 | 2:45 pm
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Marine Petroleum Trust announced a quarterly dividend of 10.16 cents per share, with the stock going ex-dividend on Wednesday. Eligible shareholders will receive the payout on March 28, 2024.
The announcement of a dividend payout typically leads to a short-term decrease in the stock price equal to the dividend amount on the ex-dividend date, as the stock price adjusts to reflect the payout. Therefore, MARPS is likely to experience a slight decrease in its stock price on the ex-dividend date.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100