Independent Bank Gr's Ex-Dividend Date Is Wednesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Independent Bank Gr (NASDAQ:IBTX) announced it will pay a quarterly dividend of 38 cents per share. The stock will go ex-dividend on Wednesday, meaning it will likely open 38 cents lower. Shareholders owning the stock prior to the ex-dividend date are eligible for the dividend payout. The dividend will be paid out on August 17, 2023.
July 28, 2023 | 2:45 pm
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Independent Bank Gr's stock will likely open lower on Wednesday due to the ex-dividend date. The dividend payout may attract investors looking for income, potentially increasing demand for the stock.
The ex-dividend date often leads to a temporary decrease in a stock's price, reflecting the amount of the dividend. However, the dividend payout can also attract income-focused investors, potentially increasing demand for the stock in the longer term.
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