Glen Burnie Bancorp's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Glen Burnie Bancorp (NASDAQ:GLBZ) has announced a quarterly dividend of 10 cents per share. The ex-dividend date is Friday, meaning the stock will likely open 10 cents lower to reflect the payout. Shareholders who own GLBZ as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on November 06, 2023.
October 17, 2023 | 2:45 pm
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Glen Burnie Bancorp's announcement of a 10 cents per share dividend may lead to a short-term decrease in the stock price as it adjusts to reflect the payout. However, the dividend could also attract income-focused investors.
Dividend announcements often lead to a short-term decrease in the stock price as it adjusts to reflect the payout. However, the announcement of a dividend can also attract income-focused investors, potentially leading to increased demand for the stock in the longer term.
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