German American Bancorp: Dividend Insights
Portfolio Pulse from Benzinga Insights
German American Bancorp (NASDAQ:GABC) announced a quarterly dividend of 25 cents per share. The stock will go ex-dividend on Wednesday, meaning it will likely open 25 cents lower. Shareholders owning GABC by the end of Tuesday's session are eligible for the dividend, which will be paid out on August 20, 2023.
August 04, 2023 | 3:40 pm
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German American Bancorp announced a 25 cents per share dividend. The stock will go ex-dividend on Wednesday, which may cause a temporary drop in the stock price.
Dividends are typically priced into a stock's value. When a stock goes ex-dividend, its price usually drops by the amount of the dividend, as the company's assets have effectively decreased by the amount of the dividend payout. Therefore, GABC's stock price is likely to drop temporarily.
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