Thursday Is Your Last Chance To Buy Parke Bancorp Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Parke Bancorp (NASDAQ:PKBK) has announced a quarterly dividend of 18 cents per share. The stock will go ex-dividend on Friday, meaning it will likely open 18 cents lower. Shareholders who own PKBK as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on July 24, 2023.
July 04, 2023 | 2:45 pm
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Parke Bancorp's stock is likely to open lower on Friday due to the ex-dividend date. However, shareholders as of Thursday's close will receive an 18 cents per share dividend on July 24, 2023.
The stock is likely to open lower on the ex-dividend date as the market adjusts for the dividend payout. However, this is a regular occurrence and does not reflect negatively on the company's performance. Shareholders as of Thursday's close will benefit from the dividend payout.
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