Friday Is Your Last Chance To Buy Byline Bancorp Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Byline Bancorp (NYSE:BY) has announced a quarterly dividend of 9 cents per share, payable on August 22, 2023. The stock will go ex-dividend on Monday, meaning it will trade lower to reflect the payout. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend.
August 04, 2023 | 11:29 am
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Byline Bancorp's stock will likely open lower on Monday due to the ex-dividend date. However, the dividend payout could attract more investors, potentially offsetting the initial drop.
The ex-dividend date often leads to a temporary drop in a stock's price as it adjusts to reflect the upcoming payout. However, the announcement of a dividend can also attract new investors, which could potentially offset the initial drop in price.
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