Farmers & Merchants's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Farmers & Merchants (NASDAQ:FMAO) announced it will pay a quarterly dividend of 21 cents per share. The stock will go ex-dividend on Thursday, meaning it will likely open 21 cents lower. Shareholders who own FMAO as of the end of Wednesday's session are eligible to receive the dividend payout. The dividend will be paid out on October 20, 2023.
October 02, 2023 | 2:45 pm
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Farmers & Merchants will pay a quarterly dividend of 21 cents per share. The stock will go ex-dividend on Thursday, which may cause the stock to open lower.
The announcement of a dividend payout often leads to a temporary increase in stock price as investors buy in to receive the dividend. However, the stock price typically drops on the ex-dividend date by an amount roughly equal to the dividend paid. In this case, Farmers & Merchants' stock is expected to open 21 cents lower on the ex-dividend date.
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