Tuesday Is Your Last Chance To Buy BanColombia Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
BanColombia (NYSE:CIB) has announced a quarterly dividend of 88.35 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, meaning it will likely open 88.35 cents lower to reflect the payout. Shareholders owning CIB by the end of Tuesday's session will receive the dividend on January 12, 2024.
December 22, 2023 | 2:45 pm
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BanColombia is set to pay a quarterly dividend of 88.35 cents per share, with shares expected to open lower by the same amount on the ex-dividend date.
The stock price of BanColombia is likely to drop in the short term by the amount of the dividend payout 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 long-term impact on the stock price will depend on the overall performance of the company and market conditions.
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