Farmers & Merchants's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Farmers & Merchants (NASDAQ:FMAO) announced it will pay a quarterly dividend of 21 cents per share. The stock will go ex-dividend on Thursday, meaning it will likely open 21 cents lower. Shareholders owning FMAO by the end of Wednesday's session are eligible for the dividend, which will be paid out on July 20, 2023.
July 03, 2023 | 2:45 pm
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Farmers & Merchants will pay a quarterly dividend of 21 cents per share. The stock will go ex-dividend on Thursday, which may cause a temporary drop in the stock price.
The announcement of a dividend often leads to a temporary increase in the stock price as investors buy in to receive the dividend. However, on the ex-dividend date, the stock price typically drops by about the amount of the dividend, as the company's assets have effectively decreased by the amount of the total dividend payout. This is a normal and expected market reaction.
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