Tuesday marks the last chance for investors to receive the next dividend payout from Oppenheimer Hldgs OPY.
The company announced on Friday that it would pay shareholders a quarterly dividend of 15 cents per share. On Wednesday, Oppenheimer Hldgs will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 15 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, Wednesday. Shareholders who own OPY as of the end of Tuesday's session are eligible to receive the 15 cents dividend payout for every share that they own.
According to the company, this dividend will be paid out to shareholders on November 25, 2022. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way.
To stay up-to-date with the companies that are announcing their dividends, click here to visit our Dividends Calendar.
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.