Old Second Bancorp: Dividend Insights
Portfolio Pulse from Benzinga Insights
Old Second Bancorp (NASDAQ:OSBC) announced it will pay a quarterly dividend of 5 cents per share. The stock will go ex-dividend on Thursday, meaning it will likely open 5 cents lower. Shareholders owning the stock by the end of Wednesday's session will be eligible for the dividend, which will be paid out on August 07, 2023.
July 24, 2023 | 2:45 pm
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Old Second Bancorp's announcement of a 5 cents per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend.
When a stock goes ex-dividend, it typically opens lower to reflect the payout. Therefore, OSBC's stock price is likely to decrease in the short term. However, the dividend payout could attract more investors, potentially leading to a price increase in the long term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100