Hope Bancorp: Dividend Insights
Portfolio Pulse from Benzinga Insights
Hope Bancorp (NASDAQ:HOPE) has announced a quarterly dividend of 14 cents per share. The stock will go ex-dividend on Wednesday, meaning it will likely open 14 cents lower. Shareholders who own HOPE as of the end of Tuesday's session are eligible to receive the dividend, which will be paid out on August 17, 2023.
July 28, 2023 | 2:46 pm
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Hope Bancorp's announcement of a 14 cents per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend. 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. This is a normal part of the dividend process and does not reflect negatively on the company's overall performance. However, it can lead to a short-term decrease in the stock price.
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