Peoples Bancorp of NC: Dividend Insights
Portfolio Pulse from Benzinga Insights
Peoples Bancorp of NC (NASDAQ:PEBK) announced a quarterly dividend of 19 cents per share, going ex-dividend on Friday. Shareholders owning the stock by the end of Thursday are eligible for the payout on March 15, 2024. The stock is expected to open 19 cents lower on the ex-dividend date.
February 27, 2024 | 2:45 pm
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Peoples Bancorp of NC announced a quarterly dividend of 19 cents per share, with the stock going ex-dividend on Friday. Eligible shareholders must own the stock by Thursday for the March 15, 2024 payout.
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, PEBK is expected to open 19 cents lower on the ex-dividend date, indicating a direct impact on the stock price.
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