Wednesday Is Your Last Chance To Buy East West Bancorp Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
East West Bancorp (NASDAQ:EWBC) has announced a quarterly dividend of 55 cents per share, with Wednesday being the last day for investors to buy the stock and be eligible for the dividend. The stock will go ex-dividend on Thursday, meaning it will trade lower by the dividend amount. The dividend is scheduled to be paid on February 15, 2024.
January 29, 2024 | 2:45 pm
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East West Bancorp is set to pay a quarterly dividend of 55 cents per share, with the ex-dividend date being Thursday. The stock price will likely open lower by the dividend amount on that day.
The stock price of East West Bancorp is expected to drop by the amount of the dividend on the ex-dividend date, which is a common occurrence as the dividend payment is factored into the stock price. This is a short-term impact and does not necessarily reflect the company's long-term value.
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