Wednesday Is Your Last Chance To Buy Crescent Energy Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Crescent Energy (NYSE:CRGY) announced a quarterly dividend of 12 cents per share, with Wednesday being the last day for investors to buy the stock and be eligible for the dividend. The stock will go ex-dividend on Thursday, likely opening 12 cents lower. The dividend payout is scheduled for March 28, 2024.
March 11, 2024 | 2:45 pm
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Crescent Energy announced a quarterly dividend of 12 cents per share, with the stock going ex-dividend on Thursday, likely affecting its opening price.
The announcement of a dividend payout typically leads to a short-term decrease in the stock price equivalent to the dividend amount when the stock goes ex-dividend, as the value of the dividend is factored into the stock price. In this case, CRGY is expected to open 12 cents lower on the ex-dividend date, reflecting the dividend payout.
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