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| Cash Dividend On The Way From Shore Bancshares (SHBI)By Dividend Channel Staff, Tuesday, May 9, 10:12 AM ET
On 5/11/23, Shore Bancshares Inc. (NASDAQ:SHBI) will trade ex-dividend, for its quarterly dividend of $0.12, payable on 5/31/23. As a percentage of SHBI's recent stock price of $11.37, this dividend works out to approximately 1.06%, so look for shares of Shore Bancshares Inc. to trade 1.06% lower — all else being equal — when SHBI shares open for trading on 5/11/23. Below is a dividend history chart for SHBI, showing historical dividends prior to the most recent $0.12 declared by Shore Bancshares Inc.: In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from SHBI is likely to continue, and whether the current estimated yield of 4.22% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of SHBI shares, versus its 200 day moving average:
Looking at the chart above, SHBI's low point in its 52 week range is $10.72 per share, with $20.8483 as the 52 week high point — that compares with a last trade of $11.26. Free Report: Top 8%+ Dividends (paid monthly)
In Tuesday trading, Shore Bancshares Inc. shares are currently up about 0.3% on the day.
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