HomeStreet: Dividend Insights
Portfolio Pulse from Benzinga Insights
HomeStreet (NASDAQ:HMST) announced it will pay a quarterly dividend of 10 cents per share. The stock will go ex-dividend on Tuesday, meaning it will likely open 10 cents lower. Shareholders who own HMST as of the end of Monday's session are eligible to receive the dividend, which will be paid out on August 23, 2023.
August 04, 2023 | 1:37 pm
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NEUTRAL IMPACT
HomeStreet's dividend announcement may lead to a short-term decrease in the stock price as it goes ex-dividend. However, the dividend payout could attract more investors, potentially leading to a price increase in the long run.
When a stock goes ex-dividend, it typically trades lower to reflect the payout, which could lead to a short-term decrease in HomeStreet's stock price. However, the announcement of a dividend payout can also be attractive to investors, potentially leading to increased demand for the stock and a price increase in the long run.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100