Northfield Bancorp's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Northfield Bancorp (NASDAQ:NFBK) has announced a quarterly dividend of 13 cents per share. The ex-dividend date is Tuesday, meaning the stock will likely open 13 cents lower to reflect the payout. Shareholders who own NFBK 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 | 1:43 pm
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Northfield Bancorp's stock price may open lower on Tuesday due to the ex-dividend date. However, the dividend payout could attract more investors, potentially stabilizing the stock price.
The ex-dividend date often leads to a temporary drop in a company's stock price, as the price adjusts to account for the dividend payout. However, the announcement of a dividend can also attract new investors, which could help to stabilize the stock price.
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