Monday Is Your Last Chance To Buy Colony Bankcorp Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Colony Bankcorp (NASDAQ:CBAN) has announced a quarterly dividend of 11 cents per share, payable on August 23, 2023. The stock will go ex-dividend on Tuesday, 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 | 1:37 pm
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Colony Bankcorp's stock is expected to trade lower on Tuesday due to the ex-dividend date. However, the dividend payout could attract more investors, potentially balancing the short-term impact.
The stock is expected to trade lower on the ex-dividend date as the price adjusts to reflect the dividend payout. However, the announcement of a dividend can also attract new investors, which could offset the initial drop in price.
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