Banner's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Banner (NASDAQ:BANR) has announced a quarterly dividend of 48 cents per share, which will be paid out to shareholders on August 11, 2023. The ex-dividend date is Monday, meaning the stock will likely open 48 cents lower to reflect the payout. Shareholders who own BANR as of the end of Friday's session are eligible to receive the dividend.
July 26, 2023 | 2:47 pm
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Banner's announcement of a 48 cents per share dividend may cause the stock to open lower on the ex-dividend date, Monday. However, this is a regular part of the dividend process and not necessarily a negative indicator.
When a company announces a dividend, the stock price typically adjusts down on the ex-dividend date by the amount of the dividend. This is because new buyers will not receive the dividend. However, this is a normal part of the dividend process and does not necessarily indicate a problem with the company or the stock.
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