Investar Holding's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Investar Holding (NASDAQ:ISTR) announced a quarterly dividend of 10 cents per share, with the ex-dividend date set for Friday. Shareholders owning ISTR stock by the end of Thursday's session will be eligible for the dividend payout, which will be distributed on July 31, 2023.
June 27, 2023 | 2:46 pm
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Investar Holding's ex-dividend date is Friday, and shareholders owning the stock by the end of Thursday will be eligible for the 10 cents per share dividend payout, to be distributed on July 31, 2023.
The announcement of the ex-dividend date and the dividend payout is important for shareholders, as it directly impacts their returns. However, the short-term impact on the stock price is neutral, as the stock will likely open 10 cents lower on the ex-dividend date, reflecting the payout.
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