Pathward Financial: Dividend Insights
Portfolio Pulse from Benzinga Insights
Pathward Financial (NASDAQ:CASH) announced a quarterly dividend of 5 cents per share, with the ex-dividend date set for Monday. Shareholders owning the stock by the end of Friday are eligible for the payout, which will be distributed on April 01, 2024. The stock is expected to open 5 cents lower on Monday to reflect the dividend payout.
March 06, 2024 | 2:45 pm
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Pathward Financial announced a quarterly dividend of 5 cents per share, with an ex-dividend date next Monday. The stock is expected to open lower by the dividend amount on the ex-dividend date.
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. Therefore, Pathward Financial's stock is likely to open 5 cents lower on the ex-dividend date, indicating a short-term negative impact on the stock price.
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