Western Asset Mortgage: Dividend Insights
Portfolio Pulse from Benzinga Insights
Western Asset Mortgage (NYSE:WMC) announced a quarterly dividend of 35 cents per share, with the ex-dividend date set for Friday. Shareholders owning WMC stock by the end of Thursday's session will be eligible for the dividend payout, which will be distributed on July 26, 2023.
June 27, 2023 | 2:46 pm
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Western Asset Mortgage's stock will likely open 35 cents lower on Friday due to the ex-dividend date. Shareholders owning the stock by the end of Thursday will be eligible for the 35 cents per share dividend payout.
The stock will likely open lower on Friday due to the ex-dividend date, as the market adjusts the stock price to reflect the dividend payout. This short-term impact is expected as investors factor in the dividend distribution.
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