Friday Is Your Last Chance To Buy Orrstown Finl Servs Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Orrstown Finl Servs (NASDAQ:ORRF) announced a quarterly dividend of 20 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 13, 2024. The stock is expected to open 20 cents lower on the ex-dividend date.
January 31, 2024 | 2:45 pm
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Orrstown Finl Servs is set to pay a 20 cents per share dividend, with shares expected to open lower by the dividend amount on the ex-dividend date.
The stock price of ORRF 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.
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