UWM Hldgs's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
UWM Holdings (NYSE:UWMC) announced a quarterly dividend of 10 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning UWMC stock by the end of Monday's session will be eligible for the dividend payout, which will be distributed on July 11, 2023.
June 15, 2023 | 2:47 pm
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UWM Holdings (NYSE:UWMC) will go ex-dividend on Tuesday, with a 10 cents per share quarterly dividend. Shareholders owning the stock by the end of Monday will be eligible for the payout on July 11, 2023.
The announcement of a dividend payout is generally a positive signal for investors, but the stock will likely trade lower to reflect the payout on the ex-dividend date. The short-term impact on the stock price is neutral, as the dividend payout is already expected by the market.
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