Oppenheimer Hldgs's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Oppenheimer Hldgs (NYSE:OPY) has announced a quarterly dividend of 15 cents per share. The ex-dividend date is Thursday, meaning the stock will likely open 15 cents lower to reflect the payout. Shareholders who own OPY as of the end of Wednesday's session are eligible to receive the dividend, which will be paid out on November 24, 2023.
November 06, 2023 | 2:45 pm
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Oppenheimer Hldgs's dividend announcement may cause the stock to open lower on the ex-dividend date. However, the dividend payout could attract investors looking for income, potentially supporting the stock price.
Dividend announcements often lead to a temporary decrease in the stock price on the ex-dividend date as the stock price adjusts to reflect the payout. However, the dividend could also attract income-focused investors, potentially providing support for the stock price.
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