Old Second Bancorp's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Old Second Bancorp (NASDAQ:OSBC) has announced a quarterly dividend of 5 cents per share. The ex-dividend date is Thursday, meaning the stock will likely open 5 cents lower to reflect the payout. Shareholders who own OSBC as of the end of Wednesday's session are eligible to receive the dividend, which will be paid out on November 06, 2023.
October 23, 2023 | 2:45 pm
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Old Second Bancorp's stock price is expected to open lower on the ex-dividend date due to the announced dividend of 5 cents per share.
When a company announces a dividend, the stock price typically adjusts downward on the ex-dividend date by the amount of the dividend. In this case, Old Second Bancorp has announced a dividend of 5 cents per share, which is expected to result in a lower opening price on the ex-dividend date.
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