wednesday marks the last chance for investors to receive the next dividend payout from horizon bancorp hbnc the company announced on wednesday that it would pay shareholders a quarterly dividend of 16 cents per share on thursday horizon bancorp will go exdividend meaning the stock will trade lower to reflect that payout in other words the stock will likely open 16 cents lower than it would have opened on any other day in order to be eligible to receive a companys dividend shareholders must own the stock prior to the exdividend date—in this case thursday shareholders who own hbnc as of the end of wednesdays session are eligible to receive the 16 cents dividend payout for every share that they own according to the company this dividend will be paid out to shareholders on october 21 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 uptodate with the companies that are announcing their dividends click here to visit our dividends calendar