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Thursday marks the last chance for investors to receive the next dividend payout from Partners Bancorp (NASDAQ:PTRS).

What's Happening

The company announced on Wednesday that it would pay shareholders a quarterly dividend of 4 cents per share. On Friday, Partners Bancorp will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 4 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

Partners Bancorp: Dividend Insights