South Plains Financial: Dividend Insights
Portfolio Pulse from Benzinga Insights
South Plains Financial (NASDAQ:SPFI) has announced a quarterly dividend of 13 cents per share. The stock will go ex-dividend on Friday, meaning it will likely open 13 cents lower. Shareholders who own SPFI as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on November 13, 2023.
October 24, 2023 | 2:45 pm
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South Plains Financial's announcement of a 13 cents per share dividend may cause the stock to open lower on the ex-dividend date. However, this is a regular part of the dividend process and not a reflection of the company's performance.
When a company goes ex-dividend, the stock price typically drops by the amount of the dividend to account for the payout to shareholders. This is a standard part of the dividend process and does not reflect negatively on the company's performance. However, it can cause short-term price volatility.
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