OP Bancorp: Dividend Insights
Portfolio Pulse from Benzinga Insights
OP Bancorp (NASDAQ:OPBK) has announced a quarterly dividend of 12 cents per share. The stock will go ex-dividend on Wednesday, meaning it will likely open 12 cents lower. Shareholders who own OPBK as of the end of Tuesday's session are eligible to receive the dividend, which will be paid out on November 23, 2023.
November 03, 2023 | 2:45 pm
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NEUTRAL IMPACT
OP Bancorp's announcement of a 12 cents per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend. However, this could attract dividend investors, potentially stabilizing the price.
When a stock goes ex-dividend, its price typically decreases by the amount of the dividend. However, the announcement of a dividend can attract new investors interested in the income, which could help stabilize the price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100