Last Chance to Buy PennantPark Stock to Receive the Upcoming Dividend
PennantPark (PNNT) stock goes ex-dividend on Mar 15, 2023 ahead of the upcoming cash dividend payment of $0.185 per share. The $0.185 per share PennantPark dividend is expected to be payed on Apr 03, 2023, and represents an approximate yield of 12.96%. To receive the dividend, investors and traders have to buy shares of PNNT before the ex-dividend date. As explained below, buying a stock on the ex-dividend date is too late to get the next dividend payment of $0.185 per share.
PennantPark Ex-Dividend Date Explained
To determine whether or not an investor can expect to receive the PennantPark dividend payment on Apr 03, 2023, they’ll need to look at two important dates – the “record date” or “date of record” and the “ex-dividend date” or “ex-date.” When a company declares a dividend, it sets a record date when you must be on the company’s books as a shareholder to receive the dividend. Once the company sets the record date, the ex-date is set based on stock exchange rules and other factors. The ex-dividend date for stocks is usually set one business day before the record date. If an investor buys PNNT stock on Mar 15, 2023 or after, they will not receive the next dividend payment on Apr 03, 2023. Instead, the seller will receive the dividend. If the investor purchases or owns PennantPark stock today, before the ex-dividend date of Mar 15, 2023, they will get the dividend payment of $0.185 per share on Apr 03, 2023.
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