Ohio Valley Banc: Dividend Insights
Portfolio Pulse from Benzinga Insights
Ohio Valley Banc (NASDAQ:OVBC) has announced a quarterly dividend of 22 cents per share. The stock will go ex-dividend on Thursday, meaning it will likely open 22 cents lower. Shareholders who own OVBC as of the end of Wednesday's session are eligible to receive the dividend, which will be paid out on August 10, 2023.
July 24, 2023 | 2:45 pm
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NEUTRAL IMPACT
Ohio Valley Banc's announcement of a 22 cents per share dividend may cause the stock to open lower on the ex-dividend date. However, this is a regular part of the dividend process and not a reflection of the company's performance.
The announcement of a dividend often leads to a decrease in the stock's price on the ex-dividend date. This is because the stock price is adjusted to reflect the payout. However, this is a normal part of the dividend process and does not indicate a problem with the company's performance. Shareholders who own the stock before the ex-dividend date are eligible for the dividend.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100