First Trust Mortgage Inc's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
First Trust Mortgage Inc (NYSE:FMY) announced a monthly dividend of 5.5 cents per share, with the ex-dividend date set for Thursday. Shareholders owning FMY by the end of Wednesday's session will be eligible for the dividend payout, which will be distributed on June 15, 2023.
May 29, 2023 | 2:48 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
First Trust Mortgage Inc (FMY) announced a 5.5 cents per share monthly dividend, with the ex-dividend date set for Thursday. The stock will likely open 5.5 cents lower on the ex-dividend date.
First Trust Mortgage Inc announced a 5.5 cents per share monthly dividend, which will cause the stock to trade lower on the ex-dividend date, as the stock price will adjust to reflect the payout. This will result in a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100