First Commonwealth's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
First Commonwealth (NYSE:FCF) has announced a quarterly dividend of 12.5 cents per share. The ex-dividend date is Thursday, meaning the stock will likely open 12.5 cents lower to reflect the payout. Shareholders who own FCF as of the end of Wednesday's session are eligible to receive the dividend, which will be paid out on November 17, 2023.
October 30, 2023 | 2:45 pm
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First Commonwealth's stock will likely open lower on the ex-dividend date due to the announced dividend of 12.5 cents per share.
The announcement of a dividend often leads to a decrease in the stock price on the ex-dividend date. This is because the stock price is adjusted to reflect the payout. In this case, First Commonwealth's stock is expected to open 12.5 cents lower.
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