Chesapeake Energy's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Chesapeake Energy (NASDAQ:CHK) announced a quarterly dividend of 8.5 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning CHK by the end of Monday are eligible for the dividend, to be paid on March 26, 2024. The stock is expected to open 8.5 cents lower on the ex-dividend date.
February 29, 2024 | 2:46 pm
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Chesapeake Energy announces a quarterly dividend of 8.5 cents per share, with the ex-dividend date this Tuesday. Eligible shareholders must own the stock by end of Monday, with the payout on March 26, 2024.
The announcement of the dividend and the ex-dividend date typically leads to a short-term price adjustment in the stock, as it will open lower by the dividend amount on the ex-dividend date. This is a common market reaction to account for the cash payout to shareholders.
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