Tuesday Is Your Last Chance To Buy Richmond Mutual Bancorp Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Richmond Mutual Bancorp (NASDAQ:RMBI) announced a quarterly dividend of 14 cents per share, with Tuesday being the last day for investors to buy the stock and be eligible for the dividend. The stock will go ex-dividend on Wednesday, likely opening 14 cents lower. The dividend is scheduled to be paid on December 14, 2023.
November 24, 2023 | 2:45 pm
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Richmond Mutual Bancorp is set to pay a quarterly dividend of 14 cents per share, with the ex-dividend date being this Wednesday. The stock price is expected to open lower by the dividend amount on the ex-dividend date.
The announcement of a dividend typically does not have a significant long-term impact on a stock's price, but it does affect the short-term trading. The stock price is expected to drop by the amount of the dividend on the ex-dividend date, which is a common occurrence as the value of the dividend is no longer included in the stock price. However, this is a neutral event as it is an expected adjustment and does not reflect a change in the company's fundamentals.
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