Shore Bancshares's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Shore Bancshares (NASDAQ:SHBI) has announced a quarterly dividend of 12 cents per share. The ex-dividend date is Thursday, meaning the stock will likely open 12 cents lower to reflect the payout. Shareholders who own SHBI as of the end of Wednesday's session are eligible to receive the dividend, which will be paid out on August 31, 2023.
July 31, 2023 | 2:46 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Shore Bancshares has announced a quarterly dividend of 12 cents per share. The stock will likely open lower on the ex-dividend date, Thursday.
The announcement of a dividend typically leads to a temporary increase in the stock price, as investors buy the stock to receive the dividend. However, on the ex-dividend date, the stock price usually drops by the amount of the dividend, as the company's assets have effectively decreased by the amount of the dividend payout. In this case, Shore Bancshares' stock is expected to open lower on the ex-dividend date.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100