Horizon Bancorp's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Horizon Bancorp (NASDAQ:HBNC) has announced a quarterly dividend of 16 cents per share. The ex-dividend date is Thursday, meaning the stock will likely open 16 cents lower to reflect the payout. Shareholders who own HBNC as of the end of Wednesday's session are eligible to receive the dividend, which will be paid out on July 21, 2023.
July 03, 2023 | 2:45 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Horizon Bancorp's announcement of a 16 cents per share dividend may cause the stock to open lower on the ex-dividend date. However, this is a regular part of the dividend process and not necessarily a negative indicator.
The announcement of a dividend often leads to a decrease in the stock price on the ex-dividend date, as the stock price is adjusted to reflect the payout. However, this is a regular part of the dividend process and does not necessarily indicate a negative outlook for the stock. Investors who hold the stock until the end of Wednesday's session will receive the dividend.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100