Wednesday Is Your Last Chance To Buy First Commonwealth Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
First Commonwealth (NYSE:FCF) announced a quarterly dividend of 12.5 cents per share, with Wednesday being the last day for investors to be eligible for this payout. The stock will go ex-dividend on Thursday, likely opening 12.5 cents lower. The dividend is scheduled for payment on February 23, 2024.
February 05, 2024 | 2:45 pm
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First Commonwealth announced a quarterly dividend of 12.5 cents per share. The stock will likely open lower by the dividend amount on the ex-dividend date, Thursday.
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, FCF is expected to open lower by 12.5 cents on Thursday, directly correlating with the dividend amount announced.
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