First United: Dividend Insights
Portfolio Pulse from Benzinga Insights
First United (NASDAQ:FUNC) has announced a quarterly dividend of 20 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning FUNC stock by the end of Tuesday's session will be eligible for the dividend, which will be paid on February 01, 2024. The stock is expected to open 20 cents lower on the ex-dividend date to reflect the payout.
January 12, 2024 | 2:45 pm
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First United will pay a quarterly dividend of 20 cents per share, with the ex-dividend date being this Wednesday. The stock price is expected to open lower by the dividend amount on the ex-dividend date.
The stock price is likely to decrease in the short term 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 common occurrence and is typically priced in by the market.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100