Independent Bank's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Independent Bank (NASDAQ:INDB) announced a quarterly dividend of 55 cents per share, with the ex-dividend date set for Friday. Shareholders owning INDB stock prior to the ex-dividend date are eligible for the dividend payout, which will be distributed on July 07, 2023.
June 20, 2023 | 2:45 pm
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Independent Bank's ex-dividend date is Friday, with a 55 cents per share quarterly dividend. Shareholders owning the stock before the ex-dividend date are eligible for the payout on July 07, 2023.
The announcement of the ex-dividend date and dividend payout is important for INDB shareholders, as it directly affects their returns. However, the short-term impact on the stock price is neutral, as the stock will likely open 55 cents lower on the ex-dividend date, reflecting the dividend payout.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 100