Union Bankshares: Dividend Insights
Portfolio Pulse from Benzinga Insights
Union Bankshares (NASDAQ:UNB) announced a quarterly dividend of 36 cents per share, with the ex-dividend date set for Thursday. Shareholders owning the stock by the end of Wednesday are eligible for the dividend, which will be paid on February 01, 2024. The stock is expected to open 36 cents lower on the ex-dividend date.
January 22, 2024 | 2:45 pm
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NEGATIVE IMPACT
Union Bankshares will pay a quarterly dividend of 36 cents per share, with shares trading ex-dividend on Thursday. The stock price is expected to adjust lower by the dividend amount on the ex-dividend date.
The stock price is likely to drop in the short term by the amount of the dividend as it goes ex-dividend, which is a common occurrence. The importance is significant for dividend investors and those tracking the stock's price movements. The confidence in this analysis is high due to the predictable nature of ex-dividend price adjustments.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100