Bank of Marin: Dividend Insights
Portfolio Pulse from Benzinga Insights
Bank of Marin (NASDAQ:BMRC) announced a quarterly dividend of 25 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning BMRC by the end of Tuesday are eligible for the payout, which will be distributed on February 15, 2024. The stock is expected to open 25 cents lower on the ex-dividend date.
February 02, 2024 | 2:45 pm
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Bank of Marin announced a quarterly dividend of 25 cents per share, with an ex-dividend date this Wednesday. Eligible shareholders will receive the payout on February 15, 2024.
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, BMRC is expected to open 25 cents lower on the ex-dividend date, indicating a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100