HomeStreet: Dividend Insights
Portfolio Pulse from Benzinga Insights
HomeStreet (NASDAQ:HMST) has announced a quarterly dividend of 10 cents per share, payable on November 22, 2023. The stock will go ex-dividend on Tuesday, meaning it will likely open 10 cents lower. Shareholders who own HMST as of the end of Monday's session are eligible to receive the dividend.
November 02, 2023 | 2:45 pm
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NEGATIVE IMPACT
HomeStreet's announcement of a 10 cents 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 a reflection of the company's performance.
When a stock goes ex-dividend, it typically trades lower to reflect the payout, which is why a short-term decrease in HomeStreet's stock price is expected. However, this is a standard part of the dividend process and does not indicate any issues with the company's performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100