CrossAmerica Partners's Ex-Dividend Date Is Thursday, Here's What You Need To Know

Wednesday marks the last chance for investors to receive the next dividend payout from CrossAmerica Partners CAPL.

What's Happening

The company announced on Tuesday that it would pay shareholders a quarterly dividend of 52.5 cents per share. On Thursday, CrossAmerica Partners will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 52.5 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 CAPL as of the end of Wednesday's session are eligible to receive the 52.5 cents dividend payout for every share that they own.

According to the company, this dividend will be paid out to shareholders on August 11, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way.

See current stock movements CrossAmerica Partners on Benzinga.