First Community's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
First Community (NASDAQ:FCCO) has announced a quarterly dividend of 14 cents per share. The stock will go ex-dividend on Monday, meaning it will trade lower to reflect the payout. Shareholders who own FCCO as of the end of Friday's session are eligible to receive the dividend, which will be paid out on August 15, 2023.
July 26, 2023 | 2:47 pm
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First Community's announcement of a 14 cents per share dividend and its ex-dividend date on Monday may lead to a short-term decrease in the stock price.
When a company announces a dividend, the stock price typically decreases by approximately the amount of the dividend on the ex-dividend date. This is because the company's assets decrease by the amount of the dividend payout. In this case, First Community's stock price is expected to decrease by 14 cents per share on the ex-dividend date.
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