First Bancorp: Dividend Insights
Portfolio Pulse from Benzinga Insights
First Bancorp (NASDAQ:FNLC) announced a quarterly dividend of 35 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, meaning it will likely open 35 cents lower. Shareholders owning FNLC by the end of Thursday's session will receive the dividend on January 19, 2024.
January 02, 2024 | 2:45 pm
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First Bancorp will pay a quarterly dividend of 35 cents per share, with shares going ex-dividend on Friday and expected to open lower by the dividend amount.
The stock price of FNLC 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 long-term impact on the stock price will depend on the overall performance of the company and market conditions.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100