Primis Finl: Dividend Insights
Portfolio Pulse from Benzinga Insights
Primis Finl (NASDAQ:FRST) has announced a quarterly dividend of 10 cents per share. The stock will go ex-dividend on Thursday, meaning it will likely open 10 cents lower. Shareholders who own FRST 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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NEGATIVE IMPACT
Primis Finl's announcement of a 10 cents per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend. However, this is a regular part of the dividend process and not a reflection of the company's performance.
When a stock goes ex-dividend, the price typically drops to reflect the payout, which can lead to a short-term decrease in the stock price. However, this is a normal part of the dividend process and does not reflect negatively on the company's performance. Investors who hold the stock until the ex-dividend date will receive the dividend, providing them with a return on their investment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100