Thursday Is Your Last Chance To Buy W&T Offshore Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
W&T Offshore (NYSE:WTI) announced a quarterly dividend of 1 cent per share, with Thursday being the last day for investors to be eligible for this payout. The stock will go ex-dividend on Friday, indicating a likely opening price reduction by the dividend amount. The dividend is scheduled for payment on March 25, 2024.
March 12, 2024 | 2:45 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
W&T Offshore announces a quarterly dividend of 1 cent per share, with the ex-dividend date set for Friday. Investors must own the stock by Thursday to qualify.
The announcement of a dividend payout typically leads to a short-term decrease in the stock price equivalent to the dividend amount as the stock goes ex-dividend. In this case, W&T Offshore's stock is expected to open 1 cent lower on the ex-dividend date, reflecting the dividend payout.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100