Banco Latinoamericano: Dividend Insights
Portfolio Pulse from Benzinga Insights
Banco Latinoamericano (NYSE:BLX) announced a quarterly dividend of 50 cents per share, with the ex-dividend date set for Friday. Shareholders owning the stock by the end of Thursday are eligible for the payout, which will be distributed on March 19, 2024. The stock is expected to open 50 cents lower on the ex-dividend date.
February 27, 2024 | 2:45 pm
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Banco Latinoamericano announced a quarterly dividend of 50 cents per share, with an ex-dividend date this Friday. Eligible shareholders will receive the payout on March 19, 2024.
The announcement of a dividend payout typically leads to a short-term decrease in the stock price to reflect the payout value, as indicated by the expected opening price being 50 cents lower on the ex-dividend date. This is a common market reaction to dividend payouts.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100