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Wednesday marks the last chance for investors to receive the next dividend payout from Mesa Royalty (NYSE:MTR).
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The company announced on Tuesday that it would pay shareholders a monthly dividend of 9.55 cents per share. On Thursday, Mesa Royalty will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 9.55 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own MTR as of the end of Wednesday's session are eligible to receive the 9.55 cents dividend payout for every share that they own.
According to the company, this dividend will be paid out to shareholders on October 31, 2022. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way.
To stay up-to-date with the companies that are announcing their dividends, click here to visit our Dividends Calendar.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.