Sandy Spring Bancorp's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Sandy Spring Bancorp (NASDAQ:SASR) has announced a quarterly dividend of 34 cents per share. The ex-dividend date is Tuesday, meaning the stock will likely open 34 cents lower to reflect the payout. Shareholders who own SASR 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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Sandy Spring Bancorp's stock price is expected 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 date on which the stock price is adjusted downwards by the amount of the dividend. This is because on the ex-dividend date, a new buyer of the stock will not receive the upcoming dividend. Therefore, the stock price is expected to decrease by the amount of the dividend on the ex-dividend date.
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