Peoples Bancorp of NC's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Peoples Bancorp of NC (NASDAQ:PEBK) announced a quarterly dividend of 19 cents per share, with the ex-dividend date set for Friday. Shareholders owning the stock by the end of Thursday's session will be eligible for the dividend, which will be paid on December 15, 2023. The stock is expected to open 19 cents lower on the ex-dividend date.
November 28, 2023 | 2:45 pm
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Peoples Bancorp of NC will pay a quarterly dividend of 19 cents per share, with the ex-dividend date being this Friday. The stock price is expected to open lower by the dividend amount on the ex-dividend date.
The stock price is likely to decrease in the short term by the amount of the dividend on the ex-dividend date, as the market adjusts for the payout. This is a common occurrence with stocks on their ex-dividend date.
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