1st Source's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
1st Source (NASDAQ:SRCE) has announced a quarterly dividend of 32 cents per share, which will be paid out to shareholders on August 11, 2023. The stock will go ex-dividend on Monday, meaning it will likely open 32 cents lower. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend.
July 26, 2023 | 2:45 pm
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1st Source's announcement of a 32 cents per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend on Monday. However, this is a regular part of the dividend process and not indicative of the company's overall performance.
When a stock goes ex-dividend, it typically trades lower to reflect the payout, which in this case is 32 cents per share. This is a normal part of the dividend process and does not reflect negatively on the company's performance. However, it may lead to a short-term decrease in the stock price.
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