Hanover Bancorp's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Hanover Bancorp (NASDAQ:HNVR) has announced a quarterly dividend of 10 cents per share. The ex-dividend date is Tuesday, meaning the stock will likely open 10 cents lower to reflect the payout. Shareholders who own HNVR as of the end of Monday's session are eligible to receive the dividend, which will be paid out on August 16, 2023.
August 04, 2023 | 1:39 pm
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Hanover Bancorp's stock is likely to open lower on Tuesday due to the ex-dividend date. The dividend will be paid out on August 16, 2023.
The ex-dividend date is the cutoff day to buy a stock and still receive its recently declared dividend. On the ex-dividend date, the stock price is expected to drop by the amount of the dividend paid to reflect the fact that new shareholders are not entitled to that payment. In this case, Hanover Bancorp's stock is expected to open lower on Tuesday, reflecting the 10 cents per share dividend.
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