Wednesday Is Your Last Chance To Buy First Guaranty Bancshares Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
First Guaranty Bancshares (NASDAQ:FGBI) announced a quarterly dividend of 16 cents per share, with Wednesday being the last chance for investors to be eligible for the payout. The stock will go ex-dividend on Thursday, and the dividend will be paid out on June 30, 2023.
June 19, 2023 | 2:52 pm
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First Guaranty Bancshares announced a 16 cents per share dividend, with the stock going ex-dividend on Thursday. Investors must own shares by end of Wednesday to be eligible.
The announcement of the dividend payout is important for investors who want to receive the dividend. However, the short-term impact on the stock price is neutral, as the stock will likely open 16 cents lower on Thursday to reflect the payout, which is a common occurrence for stocks going ex-dividend.
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