Friday Is Your Last Chance To Buy Byline Bancorp Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Byline Bancorp (NYSE:BY) has announced a quarterly dividend of 9 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
Byline Bancorp's stock is expected to trade lower on Monday due to the ex-dividend date. The dividend payout may attract investors, potentially increasing demand for the stock before the ex-dividend date.
The announcement of a dividend payout often attracts investors who are interested in receiving the dividend, potentially increasing the demand for the stock before the ex-dividend date. However, on the ex-dividend date, the stock price typically decreases by the amount of the dividend, as the company's assets have effectively decreased by the amount of the payout. Therefore, the short-term impact on the stock price is neutral.
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