Dynex Cap: Dividend Insights
Portfolio Pulse from Benzinga Insights
Dynex Cap (NYSE:DX) has announced a monthly dividend of 13 cents per share, which will be paid out to shareholders on August 01, 2023. The stock will go ex-dividend on Thursday, meaning it will likely open 13 cents lower. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend.
July 17, 2023 | 2:45 pm
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Dynex Cap's announcement of a 13 cents per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend. However, the dividend payout could attract more investors, potentially leading to a longer-term increase.
When a stock goes ex-dividend, its price typically decreases by the amount of the dividend, as the company's assets have effectively decreased by the amount paid out. However, dividends can also attract income-focused investors, potentially leading to a longer-term increase in the stock price.
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