ConnectOne Dividend Insights: Key Information Ahead of Aug 15, 2025, Ex-Dividend Date

Generated by AI AgentAinvest Dividend Digest
Monday, Aug 11, 2025 11:03 pm ET1min read
CNOB--
Aime RobotAime Summary

- ConnectOne Bancorp declared a $0.18/share dividend (ex-dividend: Aug 15, 2025), exceeding its 10-year average of $0.108/share.

- Technical indicators show bearish signals including MACD Death Cross, narrowing Bollinger Bands, and Bearish Marubozu patterns as of Aug 11.

- Q2 net loss of $20.29M followed FLIC merger (Jun 1), which boosted assets to $13.9B but incurred significant integration costs.

- Lead director Stephen Boswell purchased $171K in shares at $22.24, signaling potential confidence despite recent financial challenges.

ConnectOne Bancorp (NASDAQ: CNOB) has announced its upcoming dividend details, with an ex-dividend date set for Aug 15, 2025. The company declared a cash dividend of $0.180 per share on Jul 29, 2025, to be paid on Sep 2, 2025. This dividend is notably higher than the average of the last ten dividends, which stands at approximately $0.108 per share. Previously, the company issued a similar dividend of $0.180 per share on Jun 2, 2025, also categorized as a cash dividend.

Recently, ConnectOne BancorpCNOB-- has been under scrutiny due to several significant developments. As of late, the company's technical analysis has indicated a bearish trend for its stock price. Analysts have observed a MACD Death Cross on the 15-minute chart, suggesting continued stock price decline. This is compounded by narrowing BollingerBINI-- Bands, KDJ Death Cross signals, and a Bearish Marubozu formation as of Aug 11, 2025, which collectively highlight a potential downturn in stock momentum.

Over the past week, ConnectOne's quarterly earnings report has attracted attention, revealing a Q2 net loss attributed to the merger with FLIC, completed on Jun 1, 2025. This acquisition increased the company's assets to $13.9 billion and loans to $11.16 billion. However, despite a net interest income of $78.88 million, the net loss amounted to $20.29 million due to merger-related costs, as indicated by analysts.

Since the last update, insider activity has been noteworthy, with Stephen Boswell, the Lead Independent Director, purchasing shares at $22.24 each, totaling $171,000. This move has been interpreted by market observers as a potential vote of confidence in the company's prospects, despite the recent bearish trends and financial challenges.

In conclusion, ConnectOneCNOB-- Bancorp is navigating a complex landscape with recent technical indicators suggesting a bearish trend, compounded by merger-related financial impacts. Investors should note that the ex-dividend date of Aug 15, 2025, is the last opportunity to purchase shares and receive the upcoming dividend. Any acquisitions made after this date will not qualify for the dividend payout.

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