First US Bancshares's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
First US Bancshares (NASDAQ:FUSB) announced a quarterly dividend of 5 cents per share. The stock will go ex-dividend on Thursday, meaning it will trade lower to reflect the payout. Shareholders owning FUSB as of the end of Wednesday's session are eligible for the dividend, which will be paid out on October 02, 2023.
September 04, 2023 | 2:45 pm
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First US Bancshares announced a quarterly dividend of 5 cents per share. The stock will go ex-dividend on Thursday, which may cause a short-term decrease in the stock price.
The announcement of a dividend often leads to a short-term increase in the stock price as investors buy in to receive the dividend. However, once the stock goes ex-dividend, the price typically decreases by approximately the amount of the dividend, as the company's assets have effectively decreased by the amount of the dividend payout. In this case, First US Bancshares has announced a 5 cents per share dividend, which will likely lead to a short-term decrease in the stock price once the stock goes ex-dividend on Thursday.
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