Last Chance to Buy Portman Ridge Finance Stock to Receive the Upcoming Dividend

Portman Ridge Finance (PTMN) stock goes ex-dividend on Mar 17, 2023 ahead of the upcoming cash dividend payment of $0.68 per share. The $0.68 per share Portman Ridge Finance dividend is expected to be payed on Mar 31, 2023, and represents an approximate yield of 12.82%. To receive the dividend, investors and traders have to buy shares of PTMN 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 $0.68 per share.

Portman Ridge Finance Ex-Dividend Date Explained

To determine whether or not an investor can expect to receive the Portman Ridge Finance dividend payment on Mar 31, 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 PTMN stock on Mar 17, 2023 or after, they will not receive the next dividend payment on Mar 31, 2023. Instead, the seller will receive the dividend. If the investor purchases or owns Portman Ridge Finance stock today, before the ex-dividend date of Mar 17, 2023, they will get the dividend payment of $0.68 per share on Mar 31, 2023.

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