Preferred Bank's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Preferred Bank (NASDAQ:PFBC) has announced a quarterly dividend of 55 cents per share. The ex-dividend date is Thursday, meaning the stock will likely open 55 cents lower to reflect the payout. Shareholders who own PFBC as of the end of Wednesday's session are eligible to receive the dividend, which will be paid out on October 20, 2023.
October 02, 2023 | 2:45 pm
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Preferred Bank's stock is likely to open lower on the ex-dividend date due to the announced dividend of 55 cents per share.
The announcement of a dividend often leads to a decrease in the stock price on the ex-dividend date. This is because the stock price is adjusted to reflect the payout. In this case, Preferred Bank's stock is likely to open 55 cents lower on the ex-dividend date.
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