Monday Is Your Last Chance To Buy RBB Bancorp Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
RBB Bancorp (NASDAQ:RBB) has announced a quarterly dividend of 16 cents per share, with Monday being the last day for investors to buy the stock and be eligible for the dividend. The stock will go ex-dividend on Tuesday, meaning it will trade lower by the dividend amount. The dividend is scheduled to be paid on February 09, 2024.
January 25, 2024 | 2:45 pm
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RBB Bancorp will pay a quarterly dividend of 16 cents per share, with the ex-dividend date set for Tuesday. The stock is expected to open lower by the dividend amount on that day.
The announcement of a dividend typically leads to a short-term decrease in the stock price on the ex-dividend date, as the stock price is adjusted lower by the amount of the dividend. Investors who purchase the stock on or after the ex-dividend date will not be eligible for the dividend, which can reduce demand for the stock on that day.
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