Monday Is Your Last Chance To Buy First Trust Mortgage Inc Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
First Trust Mortgage Inc (NYSE:FMY) has announced a monthly dividend of 5.5 cents per share. The stock will go ex-dividend on Tuesday, meaning it will trade lower to reflect the payout. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend. The dividend will be paid out on August 15, 2023.
July 27, 2023 | 2:46 pm
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NEUTRAL IMPACT
First Trust Mortgage Inc's announcement of a 5.5 cents per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend. However, this could attract dividend investors, potentially stabilizing the price.
When a stock goes ex-dividend, it typically trades lower to reflect the payout, which could lead to a short-term decrease in FMY's stock price. However, the announcement of a dividend can attract investors who are interested in dividend yields, which could potentially stabilize the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100