Wednesday Is Your Last Chance To Buy Shore Bancshares Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Shore Bancshares (NASDAQ:SHBI) announced a quarterly dividend of 12 cents per share, with Wednesday being the last day for investors to be eligible for the dividend. The stock will go ex-dividend on Thursday, meaning it will likely open 12 cents lower. The dividend is scheduled to be paid on November 30, 2023.
November 13, 2023 | 2:45 pm
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Shore Bancshares is set to pay a quarterly dividend of 12 cents per share, with the stock trading ex-dividend on Thursday, potentially opening 12 cents lower.
The announcement of a dividend typically has a neutral to positive effect on stock sentiment. However, as the stock goes ex-dividend, the price is expected to drop by the dividend amount, in this case, 12 cents, which is a mechanical adjustment. This price drop is generally short-lived and does not reflect a change in company fundamentals.
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IMPORTANCE 75
RELEVANCE 100