United Security's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
United Security (NASDAQ:UBFO) has announced a quarterly dividend of 12 cents per share. The ex-dividend date is Friday, meaning the stock will likely trade lower to reflect the payout. Shareholders who own UBFO as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on October 25, 2023.
October 03, 2023 | 2:45 pm
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United Security's announcement of a 12 cents per share dividend may cause the stock to trade lower on the ex-dividend date.
When a company announces a dividend, the stock price typically decreases by approximately the amount of the dividend on the ex-dividend date. This is because the dividend payout reduces the company's retained earnings, which is reflected in the stock price.
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