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EOG to pay a special dividend in July, 2021.
My hunch: EOG won't be the only one to declare a special dividend. Another oil company recently did the same thing: I don't remember which one. Oh, that's right -- it was Devon -- announced a "fixed-plus variable dividend for common stockholders," May 3, 2021.
For clarification, from press release from EOG May 6, 2021:
Declared $1.00 per Share Special Dividend
The Board of Directors declared a regular dividend of $0.4125 per share on EOG's Common Stock. The indicated annual rate is $1.65.
The Board also declared a special dividend of $1.00 per share on EOG's Common Stock.
Both dividends are payable July 30, 2021 to stockholders of record as of July 16, 2021.
All things being equal, the share price of EOG should fall by an equal amount when the dividend is paid/effective date, on/about July 15 - 16, 2021. But "all things" are never equal, are they?
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