Thursday Is Your Last Chance To Buy Glen Burnie Bancorp Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Glen Burnie Bancorp (NASDAQ:GLBZ) announced a quarterly dividend of 10 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 10 cents lower. The dividend is scheduled to be paid on February 05, 2024.
January 16, 2024 | 2:45 pm
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NEUTRAL IMPACT
Glen Burnie Bancorp is set to pay a quarterly dividend of 10 cents per share, with shares expected to open lower on the ex-dividend date.
The announcement of a dividend typically has a neutral to positive effect on the stock price in the short term, as it signals the company's ability to generate and distribute profits. However, the stock price is expected to adjust down by the amount of the dividend on the ex-dividend date, which is a standard and anticipated move. Therefore, the short-term impact on the stock price is likely neutral.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100