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Tuesday marks the last chance for investors to receive the next dividend payout from Northwest Bancshares (NASDAQ:NWBI).
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The company announced on Monday that it would pay shareholders a quarterly dividend of 20 per share. On Wednesday, Northwest Bancshares will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 20 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, Wednesday. Shareholders who own NWBI as of the end of Tuesday's session are eligible to receive the 20 dividend payout for every share that they own.
According to the company, this dividend will be paid out to shareholders on August 15, 2022. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way.
Click here to find details on Northwest Bancshares's previous dividends.
To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.