Penns Woods Bancorp's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Penns Woods Bancorp (NASDAQ:PWOD) announced a quarterly dividend of 32 cents per share, going ex-dividend on Monday. Shareholders owning the stock by the end of Friday are eligible for the payout on March 26, 2024.
March 06, 2024 | 2:45 pm
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NEUTRAL IMPACT
Penns Woods Bancorp announces a quarterly dividend of 32 cents per share, with the ex-dividend date set for Monday. Eligible shareholders must own the stock by end of Friday for the March 26, 2024 payout.
The announcement of a dividend payout typically has a neutral short-term impact on a stock's price. While the stock may trade lower on the ex-dividend date to reflect the payout, this is a standard adjustment and not indicative of a negative outlook on the company's performance. The importance is rated at 75 due to the significance of dividend announcements to income-focused investors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100