Tuesday Is Your Last Chance To Buy Heritage Financial Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Heritage Financial (NASDAQ:HFWA) announced a quarterly dividend of 23 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 23 cents lower on the ex-dividend date.
February 02, 2024 | 2:45 pm
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Heritage Financial announced a quarterly dividend of 23 cents per share, payable on February 22, 2024, to shareholders who own the stock by the end of Tuesday. The stock is expected to open lower by the dividend amount on the ex-dividend 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. This is a predictable, temporary dip, directly related to the dividend payout.
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