South Plains Financial: Dividend Insights
Portfolio Pulse from Benzinga Insights
South Plains Financial (NASDAQ:SPFI) announced a quarterly dividend of 13 cents per share, with the ex-dividend date set for Friday. Shareholders owning the stock by the end of Thursday's session will be eligible for the payout, which will be distributed on February 12, 2024. The stock is expected to open 13 cents lower on the ex-dividend date to reflect the payout.
January 23, 2024 | 2:45 pm
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South Plains Financial is set to pay a quarterly dividend of 13 cents per share, with shares expected to open lower by the same amount on the ex-dividend date.
The announcement of a dividend typically leads to a short-term decrease in the stock price equivalent to the dividend amount on the ex-dividend date, as the stock price adjusts for the payout. This is a common and expected market reaction.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100