Friday Is Your Last Chance To Buy Riverview Bancorp Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Riverview Bancorp (NASDAQ:RVSB) has announced a quarterly dividend of 6 cents per share, to be paid out on July 24, 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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Riverview Bancorp's announcement of a 6 cents per share dividend may lead to increased buying before the ex-dividend date, potentially boosting the stock price in the short term.
Dividend announcements often lead to increased buying activity as investors seek to qualify for the payout, which can boost the stock price in the short term. However, the stock is likely to trade lower on the ex-dividend date to reflect the payout.
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