CF Bankshares: Dividend Insights
Portfolio Pulse from Benzinga Insights
CF Bankshares (NASDAQ:CFBK) has announced a quarterly dividend of 6 cents per share. The stock will go ex-dividend on Friday, meaning it will likely open 6 cents lower. Shareholders who own CFBK as of the end of Thursday's session will be eligible for the dividend, which will be paid out on October 27, 2023.
October 10, 2023 | 2:45 pm
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CF Bankshares has announced a quarterly dividend of 6 cents per share. The stock will likely open lower on the ex-dividend date, which is Friday.
The announcement of a dividend typically leads to a temporary increase in the stock price as investors buy in to receive the dividend. However, on the ex-dividend date, the stock price usually drops by approximately the amount of the dividend, as the company's assets have effectively decreased by the amount of the dividend payout. In this case, CFBK's stock price is expected to drop by about 6 cents per share on the ex-dividend date.
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