MVB Financial's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
MVB Financial (NASDAQ:MVBF) has announced a quarterly dividend of 17 cents per share, with the ex-dividend date set for Thursday. Shareholders owning the stock by the end of Wednesday are eligible for the dividend, which will be paid on December 15, 2023. The stock is expected to open 17 cents lower on the ex-dividend date to reflect the payout.
November 27, 2023 | 2:45 pm
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MVB Financial will pay a quarterly dividend of 17 cents per share, with the ex-dividend date on Thursday. The stock price is expected to open lower by the dividend amount on that day.
The stock price of MVBF is likely to decrease in the short term by the amount of the dividend on the ex-dividend date, as the dividend payout is factored into the stock price. This is a common occurrence and is typically priced in by the market.
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