Monday Is Your Last Chance To Buy HarborOne Bancorp Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
HarborOne Bancorp (NASDAQ:HONE) has announced a quarterly dividend of 7.5 cents per share. The stock will go ex-dividend on Tuesday, 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. The dividend will be paid out on July 26, 2023.
July 06, 2023 | 2:45 pm
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HarborOne Bancorp has announced a quarterly dividend of 7.5 cents per share. The stock will go ex-dividend on Tuesday, which may cause a short-term decrease in the stock price.
The announcement of a dividend often leads to a short-term increase in the stock price as investors buy in to receive the dividend. However, once the stock goes ex-dividend, the price typically decreases by approximately the amount of the dividend, as the company's assets have effectively decreased by the amount of the dividend payout.
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