Wednesday Is Your Last Chance To Buy First Internet Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
First Internet (NASDAQ:INBK) has announced a quarterly dividend of 6 cents per share. The stock will go ex-dividend on Thursday, 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. The dividend will be paid out on October 16, 2023.
September 25, 2023 | 2:45 pm
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NEUTRAL IMPACT
First Internet's announcement of a 6 cents per share dividend may lead to increased buying before the ex-dividend date, potentially boosting the stock price in the short term. However, the stock is expected to trade lower on the ex-dividend date.
The announcement of a dividend often leads to increased buying as investors seek to qualify for the payout, potentially boosting the stock price in the short term. However, stocks typically trade lower on the ex-dividend date as the price adjusts to reflect the payout.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100