Monday Is Your Last Chance To Buy Parke Bancorp Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Monday is the last day for investors to buy Parke Bancorp (NASDAQ:PKBK) shares to be eligible for its quarterly dividend payout of 18 cents per share. The ex-dividend date is Tuesday, and the stock is expected to open 18 cents lower to reflect the dividend payout. Shareholders owning the stock by the end of Monday will receive the dividend on January 17, 2024.
December 28, 2023 | 2:45 pm
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Parke Bancorp is set to pay a quarterly dividend of 18 cents per share, with the ex-dividend date being this Tuesday. The stock price is expected to open lower by the dividend amount on the ex-dividend date.
The stock is likely to experience a short-term price drop equivalent to the dividend amount on the ex-dividend date, as the market adjusts for the payout. This is a common occurrence and is typically priced in by investors. The importance is significant for dividend investors, but the overall market impact may be limited.
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