Monday Is Your Last Chance To Buy Dynex Cap Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Dynex Cap (NYSE:DX) has announced a monthly dividend of 13 cents per share, payable on September 01, 2023. 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.
August 17, 2023 | 2:45 pm
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Dynex Cap's stock is expected to trade lower on Tuesday due to the ex-dividend date. The dividend payout could attract investors, potentially increasing demand for the stock on Monday.
The announcement of a dividend payout often attracts investors who are interested in receiving the dividend. This could increase demand for the stock on Monday, the last day to buy the stock and still be eligible for the dividend. However, the stock is expected to trade lower on Tuesday, the ex-dividend date, as the stock price will be adjusted to reflect the dividend payout.
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