First Foundation: Dividend Insights
Portfolio Pulse from Benzinga Insights
First Foundation (NYSE:FFWM) has announced a quarterly dividend of 1 cent per share. The stock will go ex-dividend on Friday, meaning it will likely open 1 cent lower. Shareholders who own FFWM as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on November 16, 2023.
October 31, 2023 | 2:45 pm
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First Foundation's announcement of a 1 cent 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 overall performance.
When a stock goes ex-dividend, it typically opens lower to reflect the payout. This is a normal part of the dividend process and does not reflect negatively on the company's performance. However, it can lead to short-term price fluctuations.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100