Tuesday Is Your Last Chance To Buy Territorial Bancorp Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Territorial Bancorp (NASDAQ:TBNK) has announced a quarterly dividend of 5 cents per share. The stock will go ex-dividend on Wednesday, 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. The dividend will be paid out on November 24, 2023.
November 03, 2023 | 2:45 pm
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Territorial Bancorp's announcement of a 5 cents per share dividend may attract investors looking for income, potentially driving up the stock price in the short term. However, the stock will likely open lower on the ex-dividend date.
Dividend announcements often attract income-focused investors, which could drive up the stock price in the short term. However, stocks typically open lower on the ex-dividend date to reflect the payout, which could offset any short-term gains.
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