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Stock impact report

Don't Race Out To Buy Texas Community Bancshares, Inc. (NASDAQ:TCBS) Just Because It's Going Ex-Dividend [Yahoo! Finance]

Texas Community Bancshares, Inc. (TCBS) 
Company Research Source: Yahoo! Finance
The ex-dividend date occurs one day before the record date which is the day on which shareholders need to be on the company's books in order to receive a dividend. The ex-dividend date is important as the process of settlement involves two full business days. So if you miss that date, you would not show up on the company's books on the record date. In other words, investors can purchase Texas Community Bancshares' shares before the 14th of June in order to be eligible for the dividend, which will be paid on the 28th of June. The company's upcoming dividend is US$0.04 a share, following on from the last 12 months, when the company distributed a total of US$0.16 per share to shareholders. Based on the last year's worth of payments, Texas Community Bancshares has a trailing yield of 1.1% on the current stock price of US$14.31. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. So we need to check w Show less Read more
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