Tuesday Is Your Last Chance To Buy Berkshire Hills Bancorp Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Berkshire Hills Bancorp (NYSE:BHLB) announced a quarterly dividend of 18 cents per share. Tuesday is the last day for investors to buy BHLB shares to be eligible for this dividend. The stock will go ex-dividend on Wednesday, which means it will likely open 18 cents lower to reflect the payout. The dividend is scheduled to be paid on November 30, 2023.
November 10, 2023 | 2:45 pm
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Berkshire Hills Bancorp is set to pay an 18 cents per share dividend, with Tuesday being the last day to buy shares to be eligible. The stock will likely open lower on the ex-dividend date.
The stock is expected to open lower on the ex-dividend date to reflect the dividend payout, which is a common occurrence. This anticipated drop is typically equal to the dividend amount, suggesting a short-term negative impact on the stock price. However, the importance is not at the maximum because the dividend payment is a regular event and already expected by the market.
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