Tuesday Is Your Last Chance To Buy Patria Investments Before The Dividend Payout

Tuesday marks the last chance for investors to receive the next dividend payout from Patria Investments PAX.

What's Happening

The company announced on Wednesday that it would pay shareholders a quarterly dividend of 39.9 cents per share. On Wednesday, Patria Investments will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 39.9 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, Wednesday. Shareholders who own PAX as of the end of Tuesday's session are eligible to receive the 39.9 cents dividend payout for every share that they own.

According to the company, this dividend will be paid out to shareholders on March 08, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way.

Monitor live stock price updates for Patria Investments on Benzinga.