California Resources: Dividend Insights
Portfolio Pulse from Benzinga Insights
California Resources (NYSE:CRC) announced a quarterly dividend of 31 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning CRC by the end of Monday are eligible for the dividend, payable on March 18, 2024. The stock is expected to open 31 cents lower on the ex-dividend date.
February 29, 2024 | 2:45 pm
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California Resources announced a quarterly dividend of 31 cents per share, payable on March 18, 2024. The stock will likely open lower by 31 cents on the ex-dividend date.
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 value of the dividend is factored into the stock price. In this case, CRC's stock is expected to open 31 cents lower on the ex-dividend date, reflecting the dividend payout.
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