CapStar Finl Hldgs: Dividend Insights
Portfolio Pulse from Benzinga Insights
CapStar Finl Hldgs (NASDAQ:CSTR) announced a quarterly dividend of 11 cents per share, going ex-dividend on Tuesday. Shareholders owning the stock by Monday are eligible for the payout on February 21, 2024. The stock is expected to open 11 cents lower on Tuesday to reflect the dividend payout.
February 01, 2024 | 2:45 pm
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CapStar Finl Hldgs announces a quarterly dividend of 11 cents per share, with the stock going ex-dividend on Tuesday and expected to open lower by the dividend amount.
The announcement of a dividend payout typically leads to a short-term decrease in the stock price equal to the dividend amount on the ex-dividend date, as the payout is reflected in the stock's price. In this case, CSTR is expected to open 11 cents lower on Tuesday, directly impacting short-term stock performance.
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