Readers hoping to buy Penns Woods Bancorp, Inc. ( NASDAQ:PWOD ) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. The ex-dividend date is usually set to be one business day before the record date which is the cut-off date on which you must be present on the company's books as a shareholder in order to receive the dividend. It is important to be aware of the ex-dividend date because any trade on the stock needs to have been settled on or before the record date. Meaning, you will need to purchase Penns Woods Bancorp's shares before the 5th of June to receive the dividend, which will be paid on the 20th of June.