Friday Is Your Last Chance To Buy First Community Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
First Community (NASDAQ:FCCO) announced a quarterly dividend of 14 cents per share, with the ex-dividend date set for Monday. Shareholders owning the stock by the end of Friday are eligible for the dividend, which will be paid on February 20, 2024. The stock is expected to open 14 cents lower on Monday to reflect the dividend payout.
January 31, 2024 | 2:45 pm
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First Community's announcement of a 14 cents per share dividend may lead to an increase in buying pressure before the ex-dividend date, with a likely decrease in stock price on Monday reflecting the dividend payout.
The announcement of a dividend typically leads to a short-term increase in buying pressure as investors look to qualify for the dividend payout. However, the stock price is expected to adjust downwards on the ex-dividend date by the amount of the dividend, which is a common occurrence as the payout is accounted for in the stock's price.
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