First Bancshares's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
First Bancshares (NASDAQ:FBMS) announced a quarterly dividend of 25 cents per share, going ex-dividend on Tuesday. Shareholders owning the stock by Monday are eligible for the payout on February 23, 2024. The stock is expected to open 25 cents lower on the ex-dividend date.
February 01, 2024 | 2:45 pm
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First Bancshares announces a quarterly dividend of 25 cents per share, with the ex-dividend date on Tuesday. The stock is expected to open lower by the dividend amount on this date.
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 stock price adjusts to reflect the payout. In this case, FBMS is expected to open 25 cents lower on the ex-dividend date, directly impacting short-term stock performance.
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