Friday Is Your Last Chance To Buy Plumas Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Plumas (NASDAQ:PLBC) has announced a quarterly dividend of 25 cents per share, payable on August 15, 2023. The stock will go ex-dividend on Monday, meaning it will trade lower to reflect the payout. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend.
July 26, 2023 | 2:46 pm
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Plumas' announcement of a 25 cents per share dividend may attract investors looking for income, potentially driving up the stock price in the short term. However, the stock is expected to trade lower on the ex-dividend date.
The announcement of a dividend often attracts investors, which can drive up the stock price. However, stocks typically trade lower on the ex-dividend date as they are adjusted to reflect the payout. Therefore, the impact on Plumas' stock price is likely to be neutral in the short term.
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