NorthEast Community's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
NorthEast Community (NASDAQ:NECB) has announced a quarterly dividend of 6 cents per share. The ex-dividend date is Thursday, meaning the stock will likely open 6 cents lower. Shareholders who own NECB as of the end of Wednesday's session are eligible to receive the dividend payout. The dividend will be paid out to shareholders on November 08, 2023.
October 02, 2023 | 2:45 pm
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NorthEast Community's stock is likely to open lower on the ex-dividend date due to the announced dividend of 6 cents per share. Shareholders as of Wednesday's session end are eligible for the dividend payout on November 08, 2023.
The announcement of a dividend often leads to a decrease in the stock price on the ex-dividend date, reflecting the amount of the dividend. In this case, NorthEast Community's stock is expected to open 6 cents lower on the ex-dividend date. This is likely to have a short-term negative impact on the stock price, but it's a regular part of the dividend process and not necessarily a negative indicator for the company's performance.
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