Hope Bancorp: Dividend Insights
Portfolio Pulse from Benzinga Insights
Hope Bancorp (NASDAQ:HOPE) announced a quarterly dividend of 14 cents per share, with the ex-dividend date set for Thursday. Shareholders owning the stock by the end of Wednesday are eligible for the payout, which will be distributed on February 23, 2024. The stock is expected to open 14 cents lower on the ex-dividend date.

February 05, 2024 | 2:45 pm
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Hope Bancorp announces a quarterly dividend of 14 cents per share, with an ex-dividend date this Thursday. Eligible shareholders will receive the payout on February 23, 2024.
The announcement of a dividend payout typically leads to a short-term decrease in the stock price equivalent to the dividend amount on the ex-dividend date, as the stock price adjusts to reflect the payout. In this case, Hope Bancorp's stock is expected to open 14 cents lower on the ex-dividend date, indicating a short-term negative impact on the stock price.
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