Monday Is Your Last Chance To Buy East West Bancorp Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
East West Bancorp (NASDAQ:EWBC) has announced a quarterly dividend of 48 cents per share. The ex-dividend date is Tuesday, meaning the stock will likely open 48 cents lower to reflect the payout. Shareholders who own EWBC as of the end of Monday's session are eligible to receive the dividend, which will be paid out on November 15, 2023.
October 26, 2023 | 2:45 pm
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East West Bancorp's stock price is expected to open lower on Tuesday due to the dividend payout. However, the dividend may attract investors, potentially increasing demand for the stock.
The dividend payout will cause the stock price to open lower on Tuesday as the stock goes ex-dividend. However, the announcement of a dividend can attract investors who are looking for income-generating stocks, potentially increasing demand for the stock.
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