Berry Corp's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Berry Corp (NASDAQ:BRY) announced a quarterly dividend of 12 cents per share, with the ex-dividend date set for Thursday. Shareholders owning BRY by the end of Wednesday are eligible for the dividend, payable on March 25, 2024. The stock is expected to open 12 cents lower on the ex-dividend date.
March 11, 2024 | 2:45 pm
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Berry Corp announces a quarterly dividend of 12 cents per share, with an ex-dividend date this Thursday. Eligible shareholders must own the stock by Wednesday. Dividend payable on March 25, 2024.
The announcement of a dividend typically has a positive impact on investor sentiment towards a stock. However, the stock is expected to open lower on the ex-dividend date to reflect the dividend payout, which is a common occurrence. The short-term price impact is likely negative due to the automatic adjustment in the stock price on the ex-dividend date.
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