Monday Is Your Last Chance To Buy Bank First Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Bank First (NASDAQ:BFC) has announced a quarterly dividend of 30 cents per share, which will be paid out to shareholders on October 04, 2023. To be eligible for the dividend, shareholders must own the stock prior to the ex-dividend date, which is Tuesday. The stock will likely open 30 cents lower on Tuesday to reflect the payout.
September 14, 2023 | 2:46 pm
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Bank First's announcement of a 30 cents per share dividend may attract investors looking for income, potentially driving up the stock price in the short term. However, the stock is expected to open lower on the ex-dividend date.
Dividend announcements often attract income-focused investors, which could drive up the stock price in the short term. However, stocks typically open lower on the ex-dividend date to reflect the payout, which could offset any short-term gains.
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