First United's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
First United (NASDAQ:FUNC) has announced a quarterly dividend of 20 cents per share, which will be paid out to shareholders on August 01, 2023. The ex-dividend date is Monday, meaning the stock will likely open 20 cents lower to reflect the payout. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend.
July 12, 2023 | 2:45 pm
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First United's announcement of a 20 cents per share dividend may lead to a short-term decrease in the stock price due to the ex-dividend date effect. However, the dividend payout could also attract income-focused investors.
The ex-dividend date often leads to a short-term decrease in the stock price as the stock price is adjusted to reflect the dividend payout. However, the announcement of a dividend can also be attractive to income-focused investors, potentially leading to increased demand for the stock in the longer term.
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