Berkshire Hills Bancorp's Ex-Dividend Date Is Wednesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Berkshire Hills Bancorp (BHLB) has announced a quarterly dividend of 18 cents per share. The ex-dividend date is Wednesday, meaning the stock will likely open 18 cents lower to reflect the payout. Shareholders who own BHLB as of the end of Tuesday's session are eligible to receive the dividend, which will be paid out on August 31, 2023.
August 11, 2023 | 2:45 pm
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Berkshire Hills Bancorp's stock price is expected to open lower on the ex-dividend date due to the dividend payout. However, the dividend announcement could attract more investors, potentially stabilizing the stock price.
The announcement of a dividend often leads to a temporary decrease in the stock price on the ex-dividend date, as the stock price is adjusted to reflect the payout. However, the dividend can also attract more investors, which could stabilize the stock price in the short term.
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