Tuesday Is Your Last Chance To Buy Citizens Holding Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Citizens Holding (NASDAQ:CIZN) announced a quarterly dividend of 16 cents per share, with Tuesday being the last day for investors to be eligible for this payout. The stock will go ex-dividend on Wednesday, likely opening 16 cents lower. The dividend is scheduled for payment on March 29, 2024.
March 08, 2024 | 2:45 pm
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Citizens Holding announced a quarterly dividend of 16 cents per share, with the stock going ex-dividend on Wednesday, expected to open 16 cents lower.
The announcement of the dividend and the subsequent ex-dividend status of CIZN stock, which will likely cause the stock to open lower on Wednesday by the amount of the dividend, indicates a short-term negative impact on the stock price. However, the impact is likely to be minimal and short-lived, as adjustments for dividend payouts are common and expected by the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100