Banco Latinoamericano's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Banco Latinoamericano (NYSE:BLX) has announced a quarterly dividend of 25 cents per share. The ex-dividend date is Friday, meaning the stock will likely open 25 cents lower to reflect the payout. Shareholders who own BLX as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on November 16, 2023.
October 24, 2023 | 2:45 pm
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Banco Latinoamericano's announcement of a 25 cents per share dividend may cause the stock to open lower on the ex-dividend date. The dividend will be paid out on November 16, 2023.
Dividends are typically factored into a stock's price, and the stock price is often adjusted downward on the ex-dividend date to reflect the payout. Therefore, it is expected that BLX's stock price will open lower on the ex-dividend date.
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