Orange County Bancorp: Dividend Insights
Portfolio Pulse from Benzinga Insights
Orange County Bancorp (NASDAQ:OBT) announced a quarterly dividend of 23 cents per share, with the ex-dividend date set for Friday. Shareholders owning the stock by the end of Thursday are eligible for the payout, which will be distributed on December 15, 2023. The stock is expected to open 23 cents lower on the ex-dividend date.
November 28, 2023 | 2:45 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Orange County Bancorp will pay a quarterly dividend of 23 cents per share, with shares likely to open lower by the same amount on the ex-dividend date.
The stock price of OBT is likely to decrease in the short term by the amount of the dividend as the stock goes ex-dividend, which is a common occurrence as the value of the dividend is accounted for in the stock price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100