Horizon Bancorp: Dividend Insights
Portfolio Pulse from Benzinga Insights
Horizon Bancorp (NASDAQ:HBNC) announced a quarterly dividend of 16 cents per share, with Wednesday being the last day for investors to be eligible for the dividend. The stock will go ex-dividend on Thursday and is expected to open 16 cents lower to reflect the payout. Eligible shareholders will receive the dividend on January 19, 2024.
January 01, 2024 | 2:45 pm
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Horizon Bancorp declared a quarterly dividend of 16 cents per share. The stock will likely open lower on the ex-dividend date to reflect the dividend payout.
The stock is expected to open lower on the ex-dividend date as the dividend payout is factored into the stock price. This is a common occurrence and is typically priced in by the market. The impact is short-term and reflects the dividend payment rather than a change in the company's fundamentals.
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