NorthEast Community: Dividend Insights
Portfolio Pulse from Benzinga Insights
NorthEast Community (NASDAQ:NECB) has announced a quarterly dividend of 6 cents per share, payable on August 04, 2023. The stock will go ex-dividend on Monday, meaning it will likely open 6 cents lower. Shareholders owning NECB as of the end of Friday's session are eligible for the dividend.
June 28, 2023 | 2:45 pm
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NEUTRAL IMPACT
NorthEast Community's announcement of a 6 cents per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend. However, the dividend payout could also attract income-focused investors.
When a stock goes ex-dividend, it typically opens lower to reflect the payout, which could lead to a short-term decrease in NECB's stock price. However, the announcement of a dividend payout could also attract income-focused investors, potentially offsetting the short-term decrease.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100