Monday Is Your Last Chance To Buy MetroCity Bankshares Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
MetroCity Bankshares (NASDAQ:MCBS) has announced a quarterly dividend of 20 cents per share, with the ex-dividend date set for Tuesday. Shareholders must own the stock before this date to be eligible for the dividend, which will be paid out on February 09, 2024. The stock is expected to open 20 cents lower on the ex-dividend date.
January 25, 2024 | 2:45 pm
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MetroCity Bankshares is set to pay a quarterly dividend of 20 cents per share, with the ex-dividend date being this Tuesday. The stock price is expected to open lower by the dividend amount on the ex-dividend date.
The stock price of MetroCity Bankshares is likely to decrease in the short term by the amount of the dividend on the ex-dividend date, as the market adjusts for the payout. This is a common occurrence when stocks go ex-dividend. However, the overall impact on the stock price may be minimal and temporary as the market has already anticipated this event.
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