Citizens Holding: Dividend Insights
Portfolio Pulse from Benzinga Insights
Citizens Holding (NASDAQ:CIZN) announced it will pay a quarterly dividend of 16 cents per share. The stock will go ex-dividend on Thursday, meaning it will likely open 16 cents lower. Shareholders owning the stock by the end of Wednesday's session will be eligible for the dividend, which will be paid out on September 29, 2023.
September 18, 2023 | 2:45 pm
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Citizens Holding's announcement of a 16 cents per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend. However, this is a regular part of the dividend process and not indicative of the company's performance.
When a stock goes ex-dividend, it typically opens lower on the ex-dividend date to reflect the payout. This is a standard process and does not reflect negatively on the company's performance. However, it can cause short-term price volatility.
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