Friday Is Your Last Chance To Buy Bank7 Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Bank7 (NASDAQ:BSVN) has announced a quarterly dividend of 21 cents per share, payable on October 10, 2023. The stock will go ex-dividend on Monday, meaning it will trade lower to reflect the payout. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend.
September 20, 2023 | 2:45 pm
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NEUTRAL IMPACT
Bank7's announcement of a 21 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 trade lower on the ex-dividend date.
Dividend announcements often attract investors, which can drive up the stock price. However, stocks typically trade lower on the ex-dividend date as they are adjusted to reflect the payout. Therefore, the impact on Bank7's stock price is likely to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100