Hess: Dividend Insights
Portfolio Pulse from Benzinga Insights
Hess Corporation (NYSE:HES) announced a quarterly dividend of 43.75 cents per share, with the ex-dividend date set for Friday. Shareholders owning HES by the end of Thursday are eligible for the payout, which will be distributed on March 28, 2024.

March 12, 2024 | 2:45 pm
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NEUTRAL IMPACT
Hess Corporation announces a quarterly dividend of 43.75 cents per share, with eligibility for shareholders owning the stock by Thursday and a payout date on March 28, 2024.
Dividend announcements typically have a neutral to slightly positive impact on a company's stock price in the short term. However, since the stock price adjusts to reflect the dividend payout on the ex-dividend date, the immediate price impact is neutral. The announcement reaffirms Hess's commitment to returning value to shareholders, which could be viewed positively, but the actual short-term price movement is likely to be minimal.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100