Civista Bancshares: Dividend Insights
Portfolio Pulse from Benzinga Insights
Civista Bancshares (NASDAQ:CIVB) has announced a quarterly dividend of 16 cents per share. The stock will go ex-dividend on Monday, meaning it will trade lower to reflect the payout. Shareholders who own CIVB as of the end of Friday's session are eligible to receive the dividend, which will be paid out on August 22, 2023.
August 04, 2023 | 11:31 am
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Civista Bancshares has announced a dividend payout, which will likely cause the stock to open lower on Monday. However, this is a regular part of the dividend process and not necessarily a negative indicator.
When a company announces a dividend, the stock price typically decreases by about the amount of the dividend on the ex-dividend date. This is a standard part of the dividend process and does not necessarily indicate a problem with the company or the stock. Investors who hold the stock through the ex-dividend date will receive the dividend, offsetting the drop in the stock price.
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