Thursday Is Your Last Chance To Buy Independent Bank Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Independent Bank (NASDAQ:INDB) announced a quarterly dividend of 55 cents per share, with Thursday being the last day for investors to be eligible for the dividend. The stock will go ex-dividend on Friday, likely opening 55 cents lower to reflect the payout. The dividend is scheduled to be paid on January 05, 2024.
December 19, 2023 | 2:45 pm
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Independent Bank will pay a quarterly dividend of 55 cents per share, with shares going ex-dividend on Friday. The stock is expected to open lower by the dividend amount.
The stock price of INDB is likely to decrease in the short term by the amount of the dividend as it goes ex-dividend. This is a common occurrence as the value of the dividend is accounted for in the stock price. However, the impact is typically short-lived and reflects the distribution of the dividend rather than a change in the company's fundamentals.
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