Plumas: Dividend Insights
Portfolio Pulse from Benzinga Insights
Plumas (NASDAQ:PLBC) has announced a quarterly dividend of 27 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning the stock by the end of Tuesday are eligible for the dividend, which will be paid on February 15, 2024. The stock is expected to open 27 cents lower on the ex-dividend date to reflect the payout.
January 26, 2024 | 2:45 pm
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Plumas is set to pay a quarterly dividend of 27 cents per share, with shares expected to open lower by the same amount on the ex-dividend date. Eligibility for the dividend requires ownership by end of Tuesday, with payment on February 15, 2024.
The stock price of PLBC 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 and is typically priced in by investors. The importance is significant as dividends are a key factor for income-focused investors, and the confidence in this analysis is high due to the predictable nature of ex-dividend price adjustments.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100