First Busey's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
First Busey (NASDAQ:BUSE) has announced a quarterly dividend of 24 cents per share. The ex-dividend date is Thursday, meaning the stock will likely open 24 cents lower to reflect the payout. Shareholders owning BUSE by the end of Wednesday's session are eligible for the dividend, which will be paid out on July 28, 2023.
July 17, 2023 | 2:45 pm
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First Busey's stock price is expected to open lower on the ex-dividend date due to the payout. The dividend will be paid out to shareholders on July 28, 2023.
The announcement of a dividend often leads to a decrease in the stock price on the ex-dividend date, reflecting the amount of the dividend payout. In this case, First Busey's stock is expected to open 24 cents lower on the ex-dividend date. This is a direct impact on the stock price, hence the relevance score of 100. The importance is high as dividends are a significant part of a company's financial strategy and can influence investor decisions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100