CF Bankshares: Dividend Insights
Portfolio Pulse from Benzinga Insights
CF Bankshares (NASDAQ:CFBK) announced a quarterly dividend of 6 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, likely opening 6 cents lower. The dividend is payable on January 29, 2024, to shareholders who own the stock by the end of Thursday's session.
January 09, 2024 | 2:45 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
CF Bankshares announced a quarterly dividend of 6 cents per share. The stock will go ex-dividend on Friday and is expected to open 6 cents lower to reflect the payout.
The announcement of a dividend typically leads to the stock trading lower by the amount of the dividend on the ex-dividend date, as the value of the dividend is no longer included in the stock price. This is a predictable short-term impact on the stock price, although it does not necessarily reflect a change in the company's fundamentals.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100