Capital Bancorp's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Capital Bancorp (NASDAQ:CBNK) has announced a quarterly dividend of 8 cents per share. The ex-dividend date is Friday, meaning the stock will likely open 8 cents lower to reflect the payout. Shareholders who own CBNK as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on August 23, 2023.
August 04, 2023 | 9:17 am
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Capital Bancorp's announcement of an 8 cents per share dividend may lead to a short-term decrease in the stock price as it adjusts to reflect the payout. However, the dividend may also attract income-focused investors.
Dividend announcements often lead to a short-term decrease in the stock price as it adjusts to reflect the payout. However, dividends can also attract income-focused investors, potentially leading to increased demand for the stock in the longer term.
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