First Internet's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
First Internet (NASDAQ:INBK) announced a quarterly dividend of 6 cents per share, with the ex-dividend date set for Thursday. Shareholders owning INBK stock by the end of Wednesday's session will be eligible for the dividend, which will be paid on January 16, 2024. The stock is expected to open 6 cents lower on the ex-dividend date.
December 25, 2023 | 2:45 pm
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First Internet Bancorp announced a quarterly dividend of $0.06 per share. The stock will likely open lower by the dividend amount on the ex-dividend date.
The stock price of INBK is expected to decrease by the amount of the dividend on the ex-dividend date as the dividend value is taken out of the stock's price, which is a common occurrence in the market. This is a short-term impact and does not necessarily reflect the company's long-term value.
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