OP Bancorp's Ex-Dividend Date Is Wednesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
OP Bancorp (NASDAQ:OPBK) has announced a quarterly dividend of 12 cents per share. The stock will go ex-dividend on Wednesday, meaning it will likely open 12 cents lower. Shareholders owning the stock prior to the ex-dividend date are eligible for the dividend payout. The dividend will be paid out on August 24, 2023.
August 04, 2023 | 3:40 pm
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OP Bancorp's announcement of a 12 cents per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend. However, this could attract dividend investors, potentially stabilizing the price.
When a stock goes ex-dividend, its price typically decreases by the amount of the dividend. However, the announcement of a dividend can attract investors who are interested in dividend income, which could potentially stabilize the stock price.
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