Thursday Is Your Last Chance To Buy Preferred Bank Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Preferred Bank (NASDAQ:PFBC) announced a quarterly dividend of 70 cents per share, with the ex-dividend date set for Friday. Shareholders must own the stock before this date to receive the dividend, which will be paid on January 22, 2024. The stock is expected to open 70 cents lower on the ex-dividend date.
January 02, 2024 | 2:45 pm
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Preferred Bank is set to pay a quarterly dividend of 70 cents per share, with shares expected to trade lower by the dividend amount on the ex-dividend date.
The stock price of Preferred Bank is likely to decrease in the short term by the amount of the dividend on the ex-dividend date, as the market adjusts for the payout. This is a common occurrence with stocks going ex-dividend and is typically priced in by the market.
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