Hanover Bancorp's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Hanover Bancorp (NASDAQ:HNVR) has announced a quarterly dividend of 10 cents per share. The ex-dividend date is Tuesday, meaning the stock will likely open 10 cents lower to reflect the payout. Shareholders who own HNVR as of the end of Monday's session are eligible to receive the dividend, which will be paid out on November 15, 2023.
November 02, 2023 | 2:45 pm
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Hanover Bancorp's stock is likely to open lower on Tuesday due to the ex-dividend date. The dividend will be paid out on November 15, 2023.
The ex-dividend date is the deadline for investors to be eligible for the next dividend payout. On this date, the stock price typically drops by the amount of the dividend to reflect the payout. Therefore, Hanover Bancorp's stock is expected to open lower on Tuesday. However, this is a common occurrence and does not reflect negatively on the company's performance.
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