Monday Is Your Last Chance To Buy Old Point Financial Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Old Point Financial (NASDAQ:OPOF) has announced a quarterly dividend of 14 cents per share. The stock will go ex-dividend on Tuesday, meaning it will trade lower to reflect the payout. Shareholders who own OPOF as of the end of Monday's session are eligible to receive the dividend, which will be paid out on September 29, 2023.
August 31, 2023 | 2:45 pm
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NEUTRAL IMPACT
Old Point Financial's stock will likely open lower on Tuesday due to the ex-dividend status. However, the dividend payout could attract investors, potentially balancing the short-term impact.
The announcement of a dividend payout usually attracts investors who are interested in receiving the dividend. However, the stock going ex-dividend means it will open lower on Tuesday, reflecting the payout. This could potentially deter some investors. The net effect on the stock price in the short term is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100