Friday Is Your Last Chance To Buy Dime Community Bancshares Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Dime Community Bancshares (NASDAQ:DCOM) announced a quarterly dividend of 25 cents per share. The stock will go ex-dividend on Monday, meaning it will trade lower to reflect the payout. Shareholders owning DCOM by the end of Friday's session will be eligible for the dividend, which will be paid out on October 24, 2023.
October 11, 2023 | 2:45 pm
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Dime Community Bancshares announced a dividend payout, which will likely cause the stock to open lower on the ex-dividend date. Investors owning the stock by end of Friday will be eligible for the dividend.
Dividend payouts typically cause a stock's price to decrease by roughly the amount of the dividend on the ex-dividend date. In this case, DCOM's stock price is expected to decrease by the dividend amount of 25 cents per share. This is a significant event for current and potential investors, hence the high relevance and importance scores.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100