Friday Is Your Last Chance To Buy FB Financial Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
FB Financial (NYSE:FBK) has announced a quarterly dividend of 15 cents per share, payable on November 21, 2023. The stock will go ex-dividend on Monday, meaning it will trade lower to reflect the payout. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend.
November 01, 2023 | 2:45 pm
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NEUTRAL IMPACT
FB Financial's announcement of a 15 cents per share dividend may lead to increased buying before the ex-dividend date, potentially boosting the stock price in the short term. However, the stock is expected to trade lower on the ex-dividend date.
Dividend announcements often lead to increased buying as investors seek to qualify for the payout, potentially boosting the stock price. However, stocks typically trade lower on the ex-dividend date as the market adjusts for the payout. The net impact on FB Financial's stock price is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100