Monroe Cap's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Monroe Cap (NASDAQ:MRCC) announced a quarterly dividend of 25 cents per share, with the ex-dividend date set for Thursday. Shareholders owning MRCC by the end of Wednesday are eligible for the dividend, payable on March 29, 2024. The stock is expected to open 25 cents lower on the ex-dividend date.
March 11, 2024 | 2:45 pm
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Monroe Cap announced a quarterly dividend of 25 cents per share, with an ex-dividend date this Thursday. The stock is expected to open lower by the dividend amount on the ex-dividend date.
The announcement of a dividend typically leads to a short-term decrease in stock price equal to the dividend amount on the ex-dividend date, as the payout reduces the company's cash reserves. In this case, MRCC is expected to open 25 cents lower, reflecting the dividend payout.
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