Friday Is Your Last Chance To Buy Glacier Bancorp Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Glacier Bancorp (NYSE:GBCI) has announced a quarterly dividend of 33 cents per share, payable on July 20, 2023. The stock will go ex-dividend on Monday, meaning it will trade lower to reflect the payout. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend.
July 05, 2023 | 2:45 pm
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NEUTRAL IMPACT
Glacier Bancorp's stock is likely to trade lower on Monday due to the ex-dividend date. The dividend payout may attract investors, potentially increasing demand for the stock before the ex-dividend date.
The announcement of a dividend payout often attracts investors who want to benefit from the payout, potentially increasing the demand for the stock before the ex-dividend date. However, the stock is likely to trade lower on the ex-dividend date as it will no longer carry the right to the upcoming dividend.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100