Westamerica Bancorp's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Westamerica Bancorp (NASDAQ:WABC) has announced a quarterly dividend of 44 cents per share. The ex-dividend date is Friday, meaning the stock will likely open 44 cents lower to reflect the payout. Shareholders owning the stock prior to the ex-dividend date are eligible for the dividend, which will be paid out on November 17, 2023.
October 31, 2023 | 2:45 pm
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Westamerica Bancorp's stock price is expected to open lower on the ex-dividend date due to the dividend payout. However, the dividend may attract more investors, potentially stabilizing the stock price.
The stock price typically drops on the ex-dividend date by an amount roughly equal to the dividend paid. This is because the dividend payout reduces the company's retained earnings, which impacts the company's book value. However, the dividend announcement may attract more investors, which could stabilize the stock price.
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