Shore Bancshares's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Shore Bancshares (NASDAQ:SHBI) announced a quarterly dividend of 12 cents per share, going ex-dividend on Friday. Shareholders owning SHBI by the end of Thursday are eligible for the payout, which will be distributed on February 29, 2024.
February 06, 2024 | 2:45 pm
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NEUTRAL IMPACT
Shore Bancshares announces a quarterly dividend of 12 cents per share, with the ex-dividend date this Friday. Eligible shareholders must own the stock by Thursday.
The announcement of a dividend payout typically has a neutral to slightly positive impact on a stock's price in the short term. However, the stock is expected to open 12 cents lower on the ex-dividend date, reflecting the payout. This adjustment is a standard practice and does not indicate a negative outlook on the stock itself. The importance is rated at 75 due to the significance of dividend announcements to investors, especially those focused on income.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100