German American Bancorp's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
German American Bancorp (NASDAQ:GABC) announced a quarterly dividend of 27 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 20, 2024. The stock is expected to open 27 cents lower on the ex-dividend date.
February 05, 2024 | 2:45 pm
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German American Bancorp announces a quarterly dividend of 27 cents per share, with an ex-dividend date this Thursday. Eligible shareholders will receive the payout on February 20, 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, GABC is expected to open 27 cents lower on the ex-dividend date, indicating a direct impact on its stock price.
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