RBB Bancorp: Dividend Insights
Portfolio Pulse from Benzinga Insights
RBB Bancorp (NASDAQ:RBB) has announced a quarterly dividend of 16 cents per share. The stock will go ex-dividend on Friday, meaning it will trade lower to reflect the payout. Shareholders owning the stock prior to the ex-dividend date are eligible for the dividend. The dividend will be paid out on November 10, 2023.
October 24, 2023 | 2:45 pm
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RBB Bancorp's announcement of a 16 cents per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend. However, this is a regular part of the dividend process and not indicative of the company's performance.
When a stock goes ex-dividend, the price typically drops to reflect the amount of the dividend paid. This is a standard part of the dividend process and does not reflect negatively on the company's performance. Investors who hold the stock prior to the ex-dividend date will receive the dividend, providing them with income or additional capital if they choose to reinvest.
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