Tuesday Is Your Last Chance To Buy OP Bancorp Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
OP Bancorp (NASDAQ:OPBK) announced a quarterly dividend of 12 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning the stock by the end of Tuesday are eligible for the dividend, payable on February 22, 2024. The stock is expected to open 12 cents lower on the ex-dividend date.

February 02, 2024 | 2:45 pm
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OP Bancorp announces a quarterly dividend of 12 cents per share, with the ex-dividend date this Wednesday. Eligible shareholders must own the stock by Tuesday. Dividend payable on February 22, 2024.
The announcement of a dividend payout typically has a neutral to slightly positive impact on a stock's price in the short term, as it signals financial health. However, the stock is expected to open lower on the ex-dividend date by the amount of the dividend, which is a standard occurrence and usually does not indicate a negative outlook on the stock itself.
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