Investar Holding: Dividend Insights
Portfolio Pulse from Benzinga Insights
Investar Holding (NASDAQ:ISTR) has announced a quarterly dividend of 10 cents per share. The stock will go ex-dividend on Friday, meaning it will likely open 10 cents lower. Shareholders who own ISTR as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on October 31, 2023.
September 26, 2023 | 2:45 pm
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Investar Holding's announcement of a 10 cents per share dividend may cause the stock to open lower on the ex-dividend date. However, this is a regular part of the dividend process and not a reflection of the company's performance.
When a company announces a dividend, the stock price typically adjusts down on the ex-dividend date by the amount of the dividend. This is a standard part of the dividend process and does not reflect negatively on the company's performance. However, it can impact the short-term stock price.
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