Parke Bancorp's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Parke Bancorp (NASDAQ:PKBK) has announced a quarterly dividend of 18 cents per share. The ex-dividend date is Friday, meaning the stock will likely open 18 cents lower to reflect the payout. Shareholders owning PKBK as of the end of Thursday's session are eligible for the dividend, which will be paid out on October 16, 2023.
September 26, 2023 | 2:46 pm
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Parke Bancorp's stock price is expected to open lower on the ex-dividend date due to the dividend payout. The dividend will be paid out on October 16, 2023.
The stock price is expected to decrease by the amount of the dividend on the ex-dividend date. This is a common occurrence as the market adjusts for the payout. Shareholders as of the end of Thursday's session will receive the dividend.
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