ArrowMark Financial's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
ArrowMark Financial (NASDAQ:BANX) has announced a quarterly dividend of 45 cents per share. The ex-dividend date is Thursday, meaning the stock will likely open 45 cents lower to reflect the payout. Shareholders who own BANX as of the end of Wednesday's session are eligible to receive the dividend, which will be paid out on September 29, 2023.
September 18, 2023 | 2:46 pm
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ArrowMark Financial's announcement of a 45 cents per share dividend may cause the stock to open lower on the ex-dividend date. Shareholders as of Wednesday's session end are eligible for the dividend.
Dividend payouts typically cause a stock's price to decrease by roughly the same amount of the dividend on the ex-dividend date. In this case, BANX is expected to open 45 cents lower on the ex-dividend date. This is a direct impact on the stock's short-term price.
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