Monday Is Your Last Chance To Buy Parke Bancorp Before The Dividend Payout

Parke Bancorp, Inc. -0.12% Post

Parke Bancorp, Inc.





0.00% Post

Monday marks the last chance for investors to receive the next dividend payout from Parke Bancorp (NASDAQ:PKBK).

What's Happening

The company announced on Wednesday that it would pay shareholders a quarterly dividend of 18 cents per share. On Tuesday, Parke Bancorp will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 18 cents lower than it would have opened on any other day.

In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Tuesday. Shareholders who own PKBK as of the end of Monday's session are eligible to receive the 18 cents dividend payout for every share that they own.

According to the company, this dividend will be paid out to shareholders on January 17, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way.

To read more news on Parke Bancorp click here

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